[2017-11-20] Bitfinex struggles with money withdrawal

[ORCAf]

Several observers from the Bitfinex community are pointing out severe problems with money withdrawal on the exchange, which might lead to it becoming “the next MtGox”. The risk may be related to the connection between Tether and Bitfinex and the concerns regarding redacted information that would normally be included in an audit.

https://cointelegraph.com/news/bitfinex-struggles-with-money-withdrawal-community-observers-predict-mtgox-scenario

[aso118]

They have gotten away with Tether, whose reserves are unaudited. The fact that the supply of tethers has ballooned up, without any controls in place is a matter of concern. Tether.to (and Bitfinex) should work towards restoring confidence in the system.

[jekjekman]

We can't blame the people who are using Bitfinex as their trading exchange starting to deteriorate as the people are losing faith with them because they can't even answer clearly the accusations to what was the issue is all about between them and Tether.

It will be a make or break for Bitfinex if they can't answer this as soon as possible and will keep on denying this or just accept the fact that they were wronged and make a better move for their regular users and to their future also because they are now compared to what happen to Mt.Gox 3 years ago.

[Riddikulo]

Hope soon we will see more and more decentralized exchanges... Like etherdelta... So no problems with all this things.

[TheQuin]

The article seems to be entirely sourced from Tweets containing nothing more than assertions that something is wrong at Tether and/or Bitfinex. Has anyone reported an actual case of not being able to withdraw?