Bitfinex is having bugs today

[trior]

Bitfinex have been glitching and having bugs all day.
They have been halting trades for many times.

https://twitter.com/bitfinex

 

[--Encrypted--]

bugs, huh? reaaaalllyy now?

well.. bugs or not, everyone should withdraw their coins from the site until everything settles down.

[Mickeyb]

I have always wondered, how the leading Bitcoin exchange at the moment can get away with so many bugs. I mean their trading engine is known as a very unreliable and full off glitches since forever. Is it possible that they don't have money to fix it and do it properly.

And which is even more amazing, people are still using them the most, which just shows there is no real and safe alternative out there in the market.

[vero]

only trick or their website really have bugs

[SebastianJu]

Bitfinex have been glitching and having bugs all day.
They have been halting trades for many times.

https://twitter.com/bitfinex

 

This is going on for months already. They have so many performance problems, logic problems, flaws in the order system and so on. See their official thread.

I don't use them since some months now anymore, they simply look way too risky for me.

[gentlemand]

Folks have spoken with their money. Its share of daily turnover is way down. Like plenty of other places they seem to try to address problems on the fly. They'd be far better off taking some time out to get something that simply works. I wonder how messy their code is.

[arnav95]

there has got to be a way we can take advantage of those bugs

[gentlemand]

there has got to be a way we can take advantage of those bugs

I think it's the other way around. They've done rather nicely screwing the odd leveraged customer.

[7788bitcoin]

Perhaps the Willy II bot is in the testing phrase?
Personally, I do not store large about of BTC in exchange accounts...

[poncom]

there has got to be a way we can take advantage of those bugs

I think it's the other way around. They've done rather nicely screwing the odd leveraged customer.

There were complaints some low buy orders weren't filled during crashes. I never found out if all their affected customers were compensated for those problems. Some customers could have lost out on the chance of buying at the bottom, and Bitfinex could have brought those coins and dumped them at the top for a healthy profit. Those profits could help to pay for the coins they lost during the hack.

[SebastianJu]

Folks have spoken with their money. Its share of daily turnover is way down. Like plenty of other places they seem to try to address problems on the fly. They'd be far better off taking some time out to get something that simply works. I wonder how messy their code is.

Exactly! I have the impression their code must be pretty messy. The fixes they bring are not working and bring other problems. If they don't manage a clean restart with nice clean code then they might be doomed. And since they most probably would start over with the same developers it looks like they are doomed anyway.

there has got to be a way we can take advantage of those bugs

I think it's the other way around. They've done rather nicely screwing the odd leveraged customer.

Right... you only need to read in their thread. People left and right complaining about trades that did not go through because of some server errors. I wonder how many does not ask for compensation.

[SebastianJu]

there has got to be a way we can take advantage of those bugs

I think it's the other way around. They've done rather nicely screwing the odd leveraged customer.

There were complaints some low buy orders weren't filled during crashes. I never found out if all their affected customers were compensated for those problems. Some customers could have lost out on the chance of buying at the bottom, and Bitfinex could have brought those coins and dumped them at the top for a healthy profit. Those profits could help to pay for the coins they lost during the hack.

Of course there would have to be other cases where orders could not go through and bringing profits to the traders. At the end for every loser there is a winner.

There were cases of orders filled wrongly in the orderbooks, orders on the wrong side of the orderbook, loans taken wrongly and so on. And it still continues.