Lots of negative posts on the Bitfinex reddit in the last 2-3 days:
https://www.reddit.com/r/bitfinex/
Many people apparently got completely wiped out by the recent flash crashes of NEO, OMG and so on.
It is noteworthy, that Bitfinex was the only exchange with a flash crash like this, other altcoin exchanges
like Poloniex, Bittrex or Binance weren´t impacted.
In a similar situation Coinbase covered wins and losses caused by the flash crash (I think it was ETH)
as an accommodating arrangement.
Bitfinex didn´t do anything at all except introducing trading pairs for yet another scammy looking altcoin:
https://twitter.com/bitfinex/status/936371313182158849
Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 28. (Read 723861 times)
December 01, 2017, 12:28:11 PM
December 01, 2017, 06:37:57 AM
Now, although many believe that Friedman is/was consulting a audit on Bitfinex, it turns out this is not the case. Don't take my words. ASK Friedman LLP ! 
I wasn't likely to take your word for it and I have read what Friedman said. They published a report saying that they had verified the existence of the funds backing Tethers. I also know what the term "an audit" means to an accountant and understand why this doesn't qualify. They audited the existence of the funds and were happy to put their name and reputation to it, they didn't audit the accounts of Tether Limited. I understand the difference, do you?
December 01, 2017, 06:15:03 AM
"Our reserve account is regularly audited" by whom? I didn't see a genuine audit company (not a shit so called company related with Bitfinex) showing the audit report.
By accountancy firm Friedman LLP. http://www.friedmanllp.com/
In this case specifically, Tether claims that they are regularly audited, so where can we find the audit reports? Are they publicly audited since otherwise these audits (or rather claims) are pretty much inconsequential
From this report in The Financial Times:
https://ftalphaville.ft.com/2017/10/02/2194319/tethers-transparency-update-is-out/
Quote
As it stands, the release confirms that the Tethers in circulation are more than adequately capitalised by dollar accounts.
That audit is a MEMO. Ask Friedman LLP and post their answer here.
Tethers = Bitfinex = criminal organisation
Now, although many believe that Friedman is/was consulting a audit on Bitfinex, it turns out this is not the case. Don't take my words. ASK Friedman LLP !
November 30, 2017, 01:18:03 PM
Who knows if Bitfinex added SegWit successfully? I'm pretty sure I read about their plans doing so in the near future.
They were planning on doing so a week or two ago however it doesn’t look like they have yet, at least not for everyone. I have both deposited after generating a new deposit address into a non-SW address and received withdrawals from non-SW outputs. 
November 30, 2017, 01:14:14 PM
Who knows if Bitfinex added SegWit successfully? I'm pretty sure I read about their plans doing so in the near future.
November 30, 2017, 12:53:45 PM
what the hell is going on with ETH withdrawals ?
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
Yep. Me neither.. Had to wait for 16+ hours till I received the ETH. See this thread for more details.
Hope you got yours in time and did get too stressed.
This is really unacceptable, I missed a trade on another exchange because of them
16 hours you say ? Come on...
November 30, 2017, 12:13:10 PM
what the hell is going on with ETH withdrawals ?
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
Yep. Me neither.. Had to wait for 16+ hours till I received the ETH. See this thread for more details.
Hope you got yours in time and did get too stressed.
November 30, 2017, 11:16:12 AM
what the hell is going on with ETH withdrawals ?
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
More than 2 hours and still processing
never experienced that, not even more than 10 minutes for eth, anytime, anywhere
November 24, 2017, 08:15:03 AM
..or reddit.
Ente
Ente
November 24, 2017, 05:31:20 AM
Hi, Bitfinex. I make deposit 07.11.17 in ZCash. 9,79 coins. In your system this deposit have number 4912230 . In blockchain deposit is OK and have 9568 confirmations at now moment. But in your system this deposit have 0 confirmations and you not credited me in my balance. I write your support and they answer me 14.07.17 "Wait, we marked your deposit for manually processing. How long need I wait and why? This is a disgrace, I'm waiting for the third week, I demand immediately to credit my money to me.
I highly doubt that this thead is any longer monitored by BFX support. You have better chances by writing them on Twitter I guess. November 24, 2017, 05:03:32 AM
Hi, Bitfinex. I make deposit 07.11.17 in ZCash. 9,79 coins. In your system this deposit have number 4912230 . In blockchain deposit is OK and have 9568 confirmations at now moment. But in your system this deposit have 0 confirmations and you not credited me in my balance. I write your support and they answer me 14.07.17 "Wait, we marked your deposit for manually processing. How long need I wait and why? This is a disgrace, I'm waiting for the third week, I demand immediately to credit my money to me.
November 23, 2017, 12:19:47 PM
what bank are they using and what's their account name ?
Just check for yourself in your account in Deposit/Withdraw. November 23, 2017, 12:01:57 PM
what bank are they using and what's their account name ?
November 23, 2017, 05:15:14 AM
Take a look at this picture:
The Bitfinex cold wallet balance has decreased from roughly 160k BTC to roughly 130k BTC in a very short
time frame. I guess the withdrawal delays are probably related to this surge in withdrawals
The Bitfinex cold wallet balance has decreased from roughly 160k BTC to roughly 130k BTC in a very short
time frame. I guess the withdrawal delays are probably related to this surge in withdrawals
I guess I have a simple explanation
If you look a little bit back into history, you will easily see that the Bitfinex cold wallet balance has gone down to pretty much where it had been earlier this month. To me, it just means that many people first moved their coins to Bitfinex in the hope of receiving SegWit2x hard-fork coins (with the purpose of selling them immediately before they turn to ashes at the dawn). Now that the hard fork has been canceled, it may not make a lot of sense for all these people to keep their funds at Bitfinex any longer. So they obviously chose to withdraw the coins. The Tether controversy may have been the last straw, though
November 23, 2017, 04:48:35 AM
Some bad news for bitfinex lately.
Do you think i should move my money away?
Whats the status on this situation.
Lending is amazing , i would hate to abandon it.
Do you think i should move my money away?
Whats the status on this situation.
Lending is amazing , i would hate to abandon it.
The Tether hack seems to be a non-event because it's centralized (they can just fork to take back the hacker's coins).
And in response to all the fear/uncertainty, they unveil a BTCEUR market and functioning USD and EUR wires. I wouldn't say that Bitfinex is in great shape, but it's a big improvement.
November 23, 2017, 04:18:26 AM
@TheQuin
The "conspiracy theories" have already made it into the NY Times:
https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html
The "conspiracy theories" have already made it into the NY Times:
https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html
As I pointed out yesterday.
The PR impact looks to be the most serious aspect at the moment. The bloggers and Twitter trolls have been ranting about this for a couple of years but after the hack, various publications are giving them coverage.
November 23, 2017, 04:13:22 AM
Is everything fine with Bitfinex withdrawals right now?
I have Bitcoin Withdrawal with "Status Processing" from Bitfinex Exchange Wallet unprocessed more than 36+ hours!
Support ticket sent but no answer yet.
Any suggestion?
Take a look at this picture:
The Bitfinex cold wallet balance has decreased from roughly 160k BTC to roughly 130k BTC in a very short
time frame. I guess the withdrawal delays are probably related to this surge in withdrawals.
@TheQuin
The "conspiracy theories" have already made it into the NY Times:
https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html
Meanwhile the Tether transparency page has been down for more than 48 hours:
https://wallet.tether.to/transparency
On the other hand, Bitfinex finally has activated fiat deposits and withdrawals with a few caveats.
They may be banking under a different entity, which seems somehow related to cex.io, but nevertheless
this looks like a flicker of hope.
November 23, 2017, 03:27:11 AM
Pure abuse of the platform and trading...
That is just what trading is. It's a zero-sum game in which for someone to make money someone else must lose it. Those with the largest accounts have the advantage and the job of a small trader is to work out what they are doing and jump on their coattails. If I had been awake at that time and seen that happen I would have been jumping in long as that was the signal they were clearing out the weak hands and about to start another pump. You just had your stop exactly at the point they would target.
It has nothing to do with the platform, this thing happens again and again in the main fiat markets every day. As you become an experienced trader you can learn to use that to your advantage.
November 23, 2017, 03:23:48 AM
Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...
What is this? Market has not reached 0.1425, it was just some single "event"....
Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...
1 minute chart:
What is this? Market has not reached 0.1425, it was just some single "event"....
Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC ( at least) looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...
1 minute chart:
Bitfinex is not the only exchange where you can see that
That can be severe orderbook manipulation on the exchange part, but other exchanges are doing it all the time, even the regulated ones as well as the ones which have nothing to do with Bitcoin and other crypto. I've seen this happen before, and the conventional view is that when a market becomes too thin (not enough liquidity in the market), some whales or exchange itself may use it to trigger stop-losses. Obviously, exchange knows about these stop-loss orders everything, so this is kind of expected
November 23, 2017, 03:19:28 AM
Pure abuse of the platform and trading...
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