Bitfinex- bank blocked all their deposits - page 7.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Red-Apple on April 19, 2017, 08:48:33 AM

Quote from: crazyivan on April 19, 2017, 04:33:58 AM

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

According to your post. Does it means the remaining balance will be on the bitfinex account? That means a lot of the people will have scammed again by the ~~bitfinex~~, Oh i'm sorry I mean gets scammed by bank.

jorneyflair

hero member

Activity: 672

Merit: 500

Im really sorry for all those users who have suffered in such an incident, it is yet another time when we can see some issues in cryptocurrency exchanges work.
It is very sad from my perspective, because we can never expect what is going to happen, and which exchange will be next, it is just the matter of time.

I hope that all users that have been exchanging their fiat/crypto on bitfinex will be able to retrieve their funds without any problems, because im really getting sick out of these all money taken when the exchanges were going down.

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: Herbert2020 on April 18, 2017, 12:40:40 AM

just as an FYI:
MtGox was like the only bitcoin exchange by 2012-2013. it was controlling about more than 75% of daily bitcoin trade volume. when it went to hell it was like all the bitcoin community taking a hit from this since everyone who traded was on there.

bitfinex has a large daily trade volume but on average it is only a small portion of the total daily trade volume. currently (Even with the increase in their trade volume because of panic buys and panic bitcoin withdrawal) they only have 9% of total daily volume. and that is while excluding about 85 million dollar volume from total which belongs to Chinese and Japanese and other exchanges with 0 fee.

Amen. We allowed Gox to happen by having entirely too much capitalization/volume at that one exchange. People are quick to paint the next Gox, but don't understand Gox was a perfect storm, a kind of series of unfortunate events that would be hard pressed to happen again.

BTW, what ever happened to our old pal Mark K? Haven't heard that name in months.

To other poster, you got AML/KYC'd. Never move that much btc at one time, from a hosted wallet. They legally have to shut you down, for liability.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

They can't give you what they don't own. Say your farewells to your bitcoins. and bitfinex. Piece of shit company ruined bitcoin once more.

No offense but you were also dumb to keep that many bitcoins in Finex even after the hack they got last year. What did you expect? They were to go back in business like nothing happened? The truth is they lost so much from that hack and they couldn't earn it back after all those months.

Finex is a dead man walking with a time bomb in his hands.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: crazyivan on April 19, 2017, 04:33:58 AM

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

apart from that newbie account which is obviously a throwaway account created to start some FUD and panic possibly because he lost some money in some bad trades, i have not seen anybody who has complained about not being able to withdraw any of the cryptocurrencies.

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

robelneo

legendary

Activity: 3416

Merit: 1225

Enjoy 500% bonus + 70 FS

Quote from: Emperor Magnus Caligula on April 17, 2017, 11:21:26 PM

and no effect in price so far?

I guess most people still are unaware of this

They are not,well majority still not but wait a few more days and this will have an impact on the price of bitcoin Bitfinex is also huge if they cannot solve this issue we might have another dump,so far no impact on the price of bitcoin.

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

Quote from: mikoko13001 on April 19, 2017, 04:21:18 AM

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

48 BTC is a huge amount. That is almost 1,000 times my BTC balance. Why did you keep this much BTC in the Bitfinex account? I was thinking that people might have learnt their lessons after the Mt Gox scam.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

mikoko13001

newbie

Activity: 9

Merit: 0

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC) they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

mayax

legendary

Activity: 1470

Merit: 1004

most likely, no. it was an inside hack so...they will keep the BTC. Bitfinex was like a ponzi during this year...in order to cover the loss

with bank accounts frozen, it will be very difficult to cover the shit.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: crazyivan on April 17, 2017, 11:57:59 PM

Don't make another Mt.Gox from something it s not Mt.Gox, yet!

Give them a bit time to resolve this, getting back after that big hack was not an easy thing to do. More panic and false accusations do not benefit them, us or the industry.

I just found out that their wire transfer withdrawals were stopped before their wire transfer deposits were.

This may not be a Goxxing yet but there are signs that it might be. If enough Bitfinex users panic it could cause them to withdraw all they have in Bitcoin killing their liquidity. The question now is after last year's hack is there enough Bitcoin to let their customers withdraw?

HEWRA

full member

Activity: 157

Merit: 100

They suspended wire transfers, but i cannot believe that tgeir bank deposits has been blocked.

scox

full member

Activity: 147

Merit: 100

[yt]https://youtu.be/f7yVyIPATWc[/yt]

Just this, no comment needed. Please watch.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

This is will be the big news soon once this bitfinex will not update anymore about their withdrawal and deposit issue..
I heard that their bank are closed i thought that their business is legal?
If they are legal why we are worrying i think they can be still recover and fix this issue unlike the trading site which is almost all staff are not well known or they are totally anonymous.
I hope that the price of bitcoin will not affect about this news..

Yakamoto

legendary

Activity: 1218

Merit: 1007

Stacking on the bad news for that exchange I guess.

Sucks for the users of Bitfinex, and I assume it's incredibly hard for the company right now too since they're trying to fix everything that's going on after they got hacked a while ago. Something like this might speak to some internal issues with the exchange now.

In a way I hope tey can fix whatever it is and get their services fully operational, but only time will tell.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Quote from: CyberKuro on April 18, 2017, 05:22:44 PM

but right now Bitfinex has highest exchange rate ($1265) while other exchanges stay around $1199-$1216

I seem to recall the same thing happened with Gox. It had a higher price than other exchanges at the time, so people kept pumping money in thinking there would be a tidy profit at the end. Obviously it didn't turn out to be the best strategy, heh. Hopefully it's just a coincidence and history isn't repeating itself. But I'd still recommend people play it safe and withdraw via BTC or alt, at least until Bitfinex appears to be on surer footing.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: BillyBobZorton on April 17, 2017, 06:01:33 PM

Quote from: mayax on April 17, 2017, 05:06:17 PM

Beginning 18th April, all incoming wires to Bitfinex will be blocked and refused by their Taiwan banks. This applies to all fiat currencies at the present time.

That means Bitfinex doesn't have bank accounts anymore. It seams their accounts are closed.

What's next? Take your money/funds out from Bitfinex as soon as possible.

https://www.cryptocoinsnews.com/op-ed-bitcoin-exchange-bitfinex-trouble/

http://www.coindesk.com/bitcoin-traders-raise-concerns-largest-us-dollar-exchange-halts-deposits/

Didn't bitfinex screw up last august and made the price crash badly? Then they came up with those ridiculous BFX tokens, and now this? Those guys should have closed business. I can't believe why people still trust their money with those guys.

This news may cause another massive withdrawal from whom has bitcoin on Bitfinex, but right now Bitfinex has highest exchange rate ($1265) while other exchanges stay around $1199-$1216, no one could taking this free money as their halt withdrawal maybe. I've never use Bitfinex exchange as their security breached last year which mostly people should aware of it.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Quote from: BillyBobZorton on April 17, 2017, 06:01:33 PM

Quote from: mayax on April 17, 2017, 05:06:17 PM

Beginning 18th April, all incoming wires to Bitfinex will be blocked and refused by their Taiwan banks. This applies to all fiat currencies at the present time.

That means Bitfinex doesn't have bank accounts anymore. It seams their accounts are closed.

What's next? Take your money/funds out from Bitfinex as soon as possible.

https://www.cryptocoinsnews.com/op-ed-bitcoin-exchange-bitfinex-trouble/

http://www.coindesk.com/bitcoin-traders-raise-concerns-largest-us-dollar-exchange-halts-deposits/

Didn't bitfinex screw up last august and made the price crash badly? Then they came up with those ridiculous BFX tokens, and now this? Those guys should have closed business. I can't believe why people still trust their money with those guys.

It's the part that I guess people have always used Bitfinex and don't want to leave as people aren't really one to change. And I think the reasoning behind this was that they had issues with Fiat deposits such as Bank and Wire transfers and stuff which is completetly unrelated to people putting money into bitfinex when it comes to Bitcoin and other cryptos.

Even though I wouldn't trust them after the whole 'hacking' incident but still I wouldn't make this the reason you leave the company as a whole as people have issues with banks all the time. And going off off the size of their business and trade volume they should be able to fix this quicker.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: BitMaxz on April 18, 2017, 03:17:06 PM

They are still having this issue and they are offering alternative solution but they are still not giving any solution as i can seen in their post here https://www.bitfinex.com/posts/200

This is another sign that there are new big trading site will be down this is happening every year..
Just lets hope that bitfinex can be still resolve the issue just like before.
Well i don't have funds in bitfinex because i already experience of issue before .. so for those who are funds in bitfinex before its late better to transfer your funds in other trading site for safety purposes

If they really want, they can definitely solve this although it may take some time. However, Bitfinex has only been in the news in a negative manner aside from how they "paid back" people recently.

I wonder, are there people here that got their money back, or is the current situation blocking Bitfinex's initial plan to pay people back? If so, then it won't be that big of a surprise. Nothing is coincidence when it comes to Bitfinex.

Topic: Bitfinex- bank blocked all their deposits - page 7. (Read 11044 times)