Bitfinex- bank blocked all their deposits

[HEWRA]

They suspended wire transfers, but i cannot believe that tgeir bank deposits has been blocked.

[Wind_FURY]

Don't make another Mt.Gox from something it s not Mt.Gox, yet!

Give them a bit time to resolve this, getting back after that big hack was not an easy thing to do. More panic and false accusations do not benefit them, us or the industry.

I just found out that their wire transfer withdrawals were stopped before their wire transfer deposits were.

This may not be a Goxxing yet but there are signs that it might be. If enough Bitfinex users panic it could cause them to withdraw all they have in Bitcoin killing their liquidity. The question now is after last year's hack is there enough Bitcoin to let their customers withdraw?

[mayax]

most likely, no. it was an inside hack so...they will keep the BTC. Bitfinex was like a ponzi during this year...in order to cover the loss

with bank accounts frozen, it will be very difficult to cover the shit.

[mikoko13001]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

[crazyivan]

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

[RamBahadur.Gurung]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

48 BTC is a huge amount. That is almost 1,000 times my BTC balance. Why did you keep this much BTC in the Bitfinex account? I was thinking that people might have learnt their lessons after the Mt Gox scam.

[robelneo]

and no effect in price so far?

I guess most people still are unaware of this

They are not,well majority still not but wait a few more days and this will have an impact on the price of bitcoin Bitfinex is also huge if they cannot solve this issue we might have another dump,so far no impact on the price of bitcoin.

[mayax]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

[Red-Apple]

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

apart from that newbie account which is obviously a throwaway account created to start some FUD and panic possibly because he lost some money in some bad trades, i have not seen anybody who has complained about not being able to withdraw any of the cryptocurrencies.

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

[mindrust]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

They can't give you what they don't own. Say your farewells to your bitcoins. and bitfinex. Piece of shit company ruined bitcoin once more.

No offense but you were also dumb to keep that many bitcoins in Finex even after the hack they got last year. What did you expect? They were to go back in business like nothing happened? The truth is they lost so much from that hack and they couldn't earn it back after all those months.

Finex is a dead man walking with a time bomb in his hands.

[GreenBits]

just as an FYI:
MtGox was like the only bitcoin exchange by 2012-2013. it was controlling about more than 75% of daily bitcoin trade volume. when it went to hell it was like all the bitcoin community taking a hit from this since everyone who traded was on there.

bitfinex has a large daily trade volume but on average it is only a small portion of the total daily trade volume. currently (Even with the increase in their trade volume because of panic buys and panic bitcoin withdrawal) they only have 9% of total daily volume. and that is while excluding about 85 million dollar volume from total which belongs to Chinese and Japanese and other exchanges with 0 fee.

Amen. We allowed Gox to happen by having entirely too much capitalization/volume at that one exchange. People are quick to paint the next Gox, but don't understand Gox was a perfect storm, a kind of series of unfortunate events that would be hard pressed to happen again.

BTW, what ever happened to our old pal Mark K? Haven't heard that name in months.

To other poster, you got AML/KYC'd. Never move that much btc at one time, from a hosted wallet. They legally have to shut you down, for liability.

[jorneyflair]

Im really sorry for all those users who have suffered in such an incident, it is yet another time when we can see some issues in cryptocurrency exchanges work.
It is very sad from my perspective, because we can never expect what is going to happen, and which exchange will be next, it is just the matter of time.

I hope that all users that have been exchanging their fiat/crypto on bitfinex will be able to retrieve their funds without any problems, because im really getting sick out of these all money taken when the exchanges were going down.

[asriloni]

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

According to your post. Does it means the remaining balance will be on the bitfinex account? That means a lot of the people will have scammed again by the bitfinex, Oh i'm sorry I mean gets scammed by bank.

[bamboylee]

Bitfinex never run out of schemes to scr3w their customers. It was just very recent when they announce they have enough bitcoins to payback the lost of users in the last hack. Now, this?

Why would anyone still trust bitfinex?

[Pab]

Looks like new Gox,that exchange will be shuted down,but it will not affect btcprice

[sikke]

Looks like new Gox,that exchange will be shuted down,but it will not affect btcprice

I agree with you, that bitfinex won't affect the bitcoin price, it will only change it on the exchange, when they are trying to put out their funds in panic.
Im really glad that I have never touched bitfinex, they had many problems before, and we see yet another issue which is a very serious one. This time, their bank accounts got suspended so Im pretty much afraid what is going to happen with the funds of their clients.
I think that the reason of suspension is that the goverment is afraid that it is one big money laundering project, which is literally pumping out the money from the illegal businesses.

[mikoko13001]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

48 BTC is a huge amount. That is almost 1,000 times my BTC balance. Why did you keep this much BTC in the Bitfinex account? I was thinking that people might have learnt their lessons after the Mt Gox scam.

I agree its a huge amont, but i trade bitcoins for 2 years now (mostly as a hobby when i have some free time ) and with this kind of funds i was able to earn 400-600 USD daily (in few hours of trades)

Finally got my funds out of bitfinex plateform . Soon after i posted on here / tweeter and another forum. Someone from their support answered to my ticket (real quick) , i initiated a new withdrawal and its been validated ...

I ve been told that i cancelled myself (manually) the first withdrawal that is completely false  .

[mikoko13001]

Is it confirmed it s not possible to withdraw BTC from Bitfinex? Not talking about wire transfers, what s with withdrawals?

apart from that newbie account which is obviously a throwaway account created to start some FUD and panic possibly because he lost some money in some bad trades, i have not seen anybody who has complained about not being able to withdraw any of the cryptocurrencies.

and if you check out the price you can see price of bitcoin is rising because of this on bitfinex. people are afraid and are buying bitcoin over the market price with their fiat balance to withdraw that bitcoin.

here is their public cold storage and how its balance is going down because of the withdrawals.
https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Majority of their users have less than a bitcoin in their account, people withdraw 0.1-0.5 BTC , there is no reason for them to block these small amont , if they would do it would be panic on all forums ..

My guess is that , they just felt unconfortable with the amont i withdrew and they cancelled it. There is bigger players than me on this plateform (+300 BTC) But of course not many, let's see if one of them is able to confirm and share their experiences.

[naidray]

Bitfinex doesn't have competent team behind and they always have some glitches and they are known to have lots of security holes. I still can't forget how they got hacked few months ago which lead to massive price crash. They must shut down their exchange and we must stay away from them.

I have already stopped using them after they got hacked.

The main reason behind this is their incompetency. They need to focus on their loopholes. As mostly people don’t trust on them due to the happening of previous incident. Now why do such things happen and what steps to be taken to prevent such activities in future. It needs to be identified by the Bitfinex team. If serious are measures are not taken by them it will result very badly for them. No one want to take risk for them people will go to alternate exchanges.

[Wind_FURY]

i m a trader on bitfinex since 2 years now, i tried to withdraws all my coins nearly (48BTC)  they decline my withdrawals each time !!!

Sounds like a GOX plan , bitfinex REP you are welcome!

did you contact them?

I would not believe a post from a newbie. Give us more proof like screen shots of your declined withdrawal. If you really have Bitcoins trapped in Bitfinex it would be better to keep quiet about it until you get them out. That is what a real person with 48 BTC do. Crying out in the forum now will risk a panic.