➡ Bitfinex Denies Rumors of InsolvencyA lot of information, including breaking a contract with a servicing bank, and problems with withdrawing funds, forced the exchange to give explanations about its alleged insolvency.As you remember, insider sources indicated potentially Bitfinex/Tether insolvency, and this can also explain why the exchange lost its servicing bank. In addition to this, new confirmations appear, for example, this research on Medium, but it has already been deleted, probably by the company's request.
The report stated that Bitfinex users were experiencing major withdrawal issues (as many users say so). The combination of these facts, finally, became a hard deal for one of the largest cryptocurrency exchanges. In response to this, the company categorically rejected all the accusations related to Bitfinex/Tether poor financial state.
“Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this. As one of only a very few exchanges operating since 2013, with a small team and low operating costs, we do not entirely understand the arguments that purport to show us to be insolvent without providing any explanation about why".
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- Bittrex Removes Several Currencies;
- The Milestone: Bitcoin’s (BTC) Volatility at an 18 Month Low;
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- China Launches Blockchain Trial Zone.
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