Bitfinex- bank blocked all their deposits

[bitbunnny]

as long as there is no affect the price of bitcoin and sump they all do not realize it.

I think we already have an effect on bitcoin price. It went up during the last 24 hours.
People buy bitcoins with their fiat they have on bitfinex, because that way they can withdraw their money.
This increases the demand and the price goes up. And as long as the price goes up they do not sell.

Yes, the price going up could be related to Bitfinex but also pure coincidence. The Bitfinex issue was known few days ago and some even have predicted this would influence Bitcoin price in negative way, so that it will go down. Which hasn't happen. And probably not all are buying Bitcoins with fiat withdrawn from Bitfinex, some are just lucky they managed to get to their money and at the moment they don't want further risk.
Anyway, hope that Bitfinex will solve that soon without customers having major problems because of it.

[Kprawn]

Exchanges basically only have one chance, and when they fail once.... the whole house of cards are going to come down on them. The sharks

are waiting out there to devour every Bitcoin exchange that gets hacked. The consumer protection and KYC/AML regulations are used as an

excuse to punish Bitcoin exchanges.    ..... They dropped the ball, and now the vultures are circling. 

[dwieyani]

whether it should be in Deje permasalahnya GOX what is it?

[QuestionAuthority]

It could simply be the Hong Kong Triads want a larger share of the money Bitfinex is holding. Organized crime in Hong Kong has members at every level of business and government. I wouldn't do business with anyone headquartered in Hong Kong if Jesus told me I'd go to hell if I didn't. 

I especially wouldn't do business with any company that starts up in Hong Kong knowing their business is skirting the edges of the law like Bitcoin exchanges routinely do. That's an eventual recipe for theft. You may as well just use your money to start a campfire.

Also, they claim all the people from the hack were paid back but how do we know that's true? Where is it recorded? Is the data reliable?

[lite]

I hope they sort out all the things. i really don't want to see another gox, it'll surely do a lot of damage to bitcoin.

[NUFCrichard]

Is this why the USD tether is wobbling? I was all excited earlier after seeing the 'price' on Poloniex, only to find out that the tether price was about 50 bucks different to the real price.

Lots of people are complaining about Bifinex here, but are we certain that they are to blame, or could it just be a local clamp down that couldn't be avoided?

[mindrust]

Good news is, cheap coins are most likely to come booys Get your fiat ready once people witdraw their cash completely or if bitfinex pull a gox trick, it will be a sunny day for FIAT holders.

If you still trade on finex even after their latest fuck up in August, you should leave your financial matters to your grandma.

[amacar2]

I hope they sort out all the things. i really don't want to see another gox, it'll surely do a lot of damage to bitcoin.

I also hope so if they get bankrupt or if this situation remain same for few more days, we may see huge crash  on price. There is already a massive price difference between BTC-USDT and BTC-USD. I have also stopped selling/buying bitcoin with some local dudes because we can't agree upon which price to be taken as price of bitcoin. 

Bitfinex shouldn't be trusted but many traders have returned back to them even after they got hacked. Now they will suffer from all this drama.

[unamis76]

We can take many things from this...

1. The most obvious, Bitfinex is lying or not telling the whole truth.
2. Banks/governments are doing something to prevent Bitcoin trading.
3. Something has been poorly explained in the past.

Something I haven't understood in the midst of this is: did they manage to pay their whole debt?

banks love money why would they do this?

Because they're blocking competition this way. The fees they get from serving Bitcoin-related websites is probably not enough for them against the threat of Bitcoin...

why dont major exchanges open a small bank to operate their operations with no pain.

I'm not knowledgeable enough to give this is a reply but I assume it's not that easy as "let's just open a bank".

[Rinder]

Well i dont know how many milions are deposited over bitfinex exchange, but sure the cash would make the price to raise almost instant as their costumers get the notification that they cant do wire transfers anymore. Anyway all should already know the risks to trust again bitfinex, and looks like they are on the way to get out, this is another hit just after the last hack attack, what will be the next?

[richardsNY]

Good news is, cheap coins are most likely to come booys Get your fiat ready once people witdraw their cash completely or if bitfinex pull a gox trick, it will be a sunny day for FIAT holders.

If you still trade on finex even after their latest fuck up in August, you should leave your financial matters to your grandma.

I wouldn't necessarily consider it to be good news (yes I know you refer to the price that may come down significantly as result) if we go through another wave of negativity. I can already see the mainstream media channels to jump on this where they completely trash Bitcoin all day long. As always it's the average joe that takes everything the media says for granted so easily. Nothing good about it.

[BitMaxz]

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

[rizzlarolla]

as long as there is no affect the price of bitcoin and sump they all do not realize it.

whether it should be in Deje permasalahnya GOX what is it?

Hey, please stop shitposting these 2 account, or i'll find more?

[BitHodler]

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.

[squatz1]

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.

[CyberKuro]

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.

[DooMAD]

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.

[Yakamoto]

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.

[socks435]

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..

[scox]

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

Just this, no comment needed. Please watch.