Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 3. (Read 723861 times)

More than trying to recover the money, this is likely about Bitfinex trying to distance themselves from this:


I don't think they really believe the money is recoverable. What does subpoenaing the banks achieve? The big problem is that law enforcement agencies -- including the US Department of Justice -- seized the money. Even if Bitfinex could prove ownership of funds within Crypto Capital's tangle of shell companies, they will have a hard time proving the money was not involved in criminal activity.

Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M

The Bitfinex crypto exchange is making a new push to find and potentially recover more than $800 million in user funds seized by legal authorities in four different countries after its payment processor’s bank accounts were frozen.

https://www.coindesk.com/bitfinex-tether-seek-subpoenas-across-us-in-hunt-for-missing-800m

Thaths could be possible only in crypto.
They should implement the same fee size for bank card purchase to be honest with users.

Smart move.

I understand exchanges want to look big by offering deals with the largest possible choice of cryptos, but you have to realize that you can count on your fingers the number of cryptos which aren't sh*tcoins.

Bitfinex Made a $1.1 Billion BTC Transaction for only $0.68

When someone transferred 161,500 Bitcoin (BTC) on April 10 for a fee of only 0.00010019 BTC — approximately $0.68 — the crypto world took notice.

https://cointelegraph.com/news/bitfinex-made-a-11-billion-btc-transaction-for-only-068

Bitfinex is finally developing new things. Bank card support, lightning network support, staking...
And there are still guys with KYC problems and long withdrawals. I hope that they will resolve it

Crypto Exchange Bitfinex Unveils Anti-Manipulation Tool ‘Shimmer’

“Comprehensive market and trade surveillance capabilities are integral to operating a leading cryptocurrency exchange. [...] Bitfinex has chosen to develop its own state-of-the-art surveillance system. This will help to assure that potentially manipulative practices are rooted out and suspicious behaviour detected.”

https://cointelegraph.com/news/crypto-exchange-bitfinex-unveils-anti-manipulation-tool-shimmer

Bitfinex to Delist 87 Crypto Trading Pairs Aiming to Improve Liquidity
https://www.bitfinex.com/posts/466

“The decision was taken after monitoring [the pairs] for six weeks and finding a consistent low level of liquidity. We take this type of action to concentrate trading in fewer pairs.”

https://cointelegraph.com/news/bitfinex-to-delist-87-crypto-trading-pairs-aiming-to-improve-liquidity

i guess it's supposed to lend bitfinex some legitimacy? "this big hedge fund trusts us, you should too!"


maybe fulgur alpha is really controlled by the same people who are behind bitfinex/tether, and this is their new method for pumping cryptocurrency markets. too many eyes on tether right now.

the ties to deltec don't have to be shady though. it could just be because of mutual banking connections, and for convenience and liquidity reasons.

My guess is that most customers of this size are leaving platforms rather than joining/getting on border onto platforms since the last bubble burst. A potentially nine figure customer is something that would generate confidence for other customers to create accounts and trade on Bitfinex. 

I just read this announcement from Bitfinex: https://www.bitfinex.com/posts/465
Why is there such a big announcement only because some crypto hedge fund is using Bitfinex? Is this hedgefund more involved with Bitfinex than just being a customer so that this announcement is actually relevant to other Bitfinex clients (e.g. regarding risk assessment)?
I noticed from the anouncement that both, this hedge fund and Bitfinex, are tied to Deltec (the Bahamans-based bank providing banking service to Tether).

How much is still outstanding anyways?

Looks like they finally get enouhg fiat money for it after recent cards intregration

Bitfinex Completes Another $100M Loan Facility Repayment to Tether
https://www.bitfinex.com/posts/460

In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).

https://cointelegraph.com/news/bitfinex-completes-another-100m-loan-facility-repayment-to-tether

as of last month, if you have a verified account, it's already possible. https://support.bitfinex.com/hc/en-us/articles/900000051486-Purchasing-Cryptocurrencies-through-Payment-Cards


if you are unverified on bitfinex, you are subject to these limitations:

When i will be able to buy new tether with bank card?

After another couple of weeks, no money back.

ur money back?
my friend cant out 300 000$ at shitfinex

Hi all I'd like to tell what I think is a bad behavior of Bitfinex or at least a misfunction.
Well you know all the exchanges more or less have some token wallet locked.
I always check if a wallet is locked before depositing a token or coin. In my case, I wanted to deposit the "INT" token. I checked on the wallet page, and all was OK. I also could copy my deposit address, or even I was able to create a new one, but I am not 100% sure of this (i never deposited that token, this for sure).
Well the wallet was locked instead. Looks like I came on that wallet in the past (months ago) and for some reason I closed the small notification "wallet closed" on top. Support told me if you close that notify, you'll never see it again. Also after months. So, you will not be capable of knowing the status of that wallet again. Even not with an API. There is no API for wallet status!
Because of all this, I unfortunately deposited some INT token. Then I was informed that the wallet has been locked for months, and in these situations we all know it is likely never unlocked, until coin is delisted. Well, ok let's ask the support to send me back my tokens. No, it's not possibe, bwecause "the wallet is locked" . But this is a very stupid reason. If they wanted to, they could manually withdraw my coins with a manual tx. Useless to say, I've already lost a big amount of value. I consider those coins lost, but this is only another example of exchanges (not only this) behaviour.
again: I HAD NO WAY TO KNOW THE WALLET STATUS. Tehey should at least change that notification sticky deletion.

You are finally removed your equity limit, am i right? So, whats the minimum purchase from card right now? not 10k?