Should we withdraw capital out of Bitfinex?

[RothsCoin]

Tether USDT and Bitfinex have encountered terrible problem: They are both subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC), yet the reason stays unclear. Tether USDT is accused of  cooperating with Bitfinex to print a series of USDR tokens to push up the Bitcoin price.

If this is true, CFTC might rectify and demonstrate that Tether and Bitfinex are actually invloved in this issue, these trading platforms will certainly face up with penalties. Tether might be closed, USDT price will get back to 0 and the Cryptocurrency market will be adversely affected with no trust from the investors.

However, it is hard for Bitfinex to be closed because it is one of the most prestigious trading exchange platforms in the world for many years, capturing the top transaction volume. Moreover, CFTC is an US agent whose mission is to ensure the best interests for the investors. The closure of Bitfinex will definitely cause the worst damage to the investors. As a result, if you are not a large investor, you are advised not to make a withdrawal at this time.

RothscoinTeam.

[ViceOfBTC21]

Tether USDT and Bitfinex have encountered terrible problem: They are both subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC), yet the reason stays unclear. Tether USDT is accused of  cooperating with Bitfinex to print a series of USDR tokens to push up the Bitcoin price.

If this is true, CFTC might rectify and demonstrate that Tether and Bitfinex are actually invloved in this issue, these trading platforms will certainly face up with penalties. Tether might be closed, USDT price will get back to 0 and the Cryptocurrency market will be adversely affected with no trust from the investors.

However, it is hard for Bitfinex to be closed because it is one of the most prestigious trading exchange platforms in the world for many years, capturing the top transaction volume. Moreover, CFTC is an US agent whose mission is to ensure the best interests for the investors. The closure of Bitfinex will definitely cause the worst damage to the investors. As a result, if you are not a large investor, you are advised not to make a withdrawal at this time.

RothscoinTeam.

I have just withdrawn capital from Bitfinex. I recommend anyone to withdraw all capital from Bitfinex now unless you don't care about money that's here. And yu care, so withdraw it now.

[sorrysteve1]

Tether USDT and Bitfinex have encountered terrible problem: They are both subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC), yet the reason stays unclear. Tether USDT is accused of  cooperating with Bitfinex to print a series of USDR tokens to push up the Bitcoin price.

If this is true, CFTC might rectify and demonstrate that Tether and Bitfinex are actually invloved in this issue, these trading platforms will certainly face up with penalties. Tether might be closed, USDT price will get back to 0 and the Cryptocurrency market will be adversely affected with no trust from the investors.

However, it is hard for Bitfinex to be closed because it is one of the most prestigious trading exchange platforms in the world for many years, capturing the top transaction volume. Moreover, CFTC is an US agent whose mission is to ensure the best interests for the investors. The closure of Bitfinex will definitely cause the worst damage to the investors. As a result, if you are not a large investor, you are advised not to make a withdrawal at this time.

RothscoinTeam.

I have just withdrawn capital from Bitfinex. I recommend anyone to withdraw all capital from Bitfinex now unless you don't care about money that's here. And yu care, so withdraw it now.

It's pretty reckless not to, if you withdraw it all that happens is you have to trade elsewhere, if you don't withdraw it you could lose it all. It's really not a tough decision to be made, even if you only think there's a 1% chance of the Tether story being true.

[IgorShumilo]

My opinion is that you do not need to store your coins / tokens on stock exchanges! Keep them in your purses. So it will be safer. More than once large exchanges were attacked, or simply crumbled.

[Guber4]

I agree with you guys. Lack of insurance is pushing us to withdraw the coins.
It's not worth the risk.

[ViceOfBTC21]

My opinion is that you do not need to store your coins / tokens on stock exchanges! Keep them in your purses. So it will be safer. More than once large exchanges were attacked, or simply crumbled.

Not only large exchanges but every one, if one wasn't hacked then it's just ticking bomb. You can't predict when exchange will be hacked, it can be anytime, today, yesterday, in one month or two years, so better safe than sorry by proper management of your trading finances by putting in when you need this money to trade and withdrawing when you don't need this money for trading. Investopedia says that you shouldn't risk more than 2% of your capital in one trade and Bitfinex allows us to use leverage, so you can use it to your safety of funds that are stored on your side.