Is Bitfinex a SCAM?

[Mia_pikachu]

I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.

I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.

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[jamesashmore1964]

I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.

I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.

Look at what happened today!

[passwordnow]

I don't think Bitfinex is a scam, it's been a trusted exchange in the crypto market and using bots is a normal tool in making a trade, it is the prerogative of the investors to fully understand on how to utilize the tool.

I also think so, bitfinex is a trusted exchange, and even if there is news saying that bitfinex is a scam, maybe it is untrue news, and someone who says that bitfinex is a scam, they must have really strong evidence.

Though it has an history of being hacked there are still people who thinks that was an inside job.

It is one of the biggest exchange after that hack and until now. I don't think that they will do something again like just to ruin their reputation.

[Samarkand]

...
Though it has an history of being hacked there are still people who thinks that was an inside job.
...

They promised to provide a detailed report of the hack to all affected users.
This report has never been released. This only fuels the speculation
that it was either an inside job or that there is at least something
that Bitfinex wants to hide from the public.

Besides, the same is true for the promised audits. Various Bitfinex employees
promised audits over the years, which never happened. The excuses for why
the audit is still outstanding were quite hilarious sometimes (e.g. they claimed
that cryptocurrency is too new for the big accountancy firms... meanwhile
other exchanges have been audited by one of the Big4).

[Sali200]

Bots are liquidating shorts and longs deliberately!
Looks very Fishy: There is no way an ETF will be approved with the manipulation in this market!
The SEC and Dept of Justice are doing a criminal investigation into the matter outlined: They are obviously not doing their jobs properly!
Tether and Bitfinex are one entity!
The situation is a discrace!

why you think so?
i like tradeing on bitfinex, you have problems?
plz say, for protect my cryptos :/

[NicoRosberg]

I think bots are just a fact of life we have to deal with here. Traders wont change their methods

[passwordnow]

...
Though it has an history of being hacked there are still people who thinks that was an inside job.
...

They promised to provide a detailed report of the hack to all affected users.
This report has never been released. This only fuels the speculation
that it was either an inside job or that there is at least something
that Bitfinex wants to hide from the public.

Besides, the same is true for the promised audits. Various Bitfinex employees
promised audits over the years, which never happened. The excuses for why
the audit is still outstanding were quite hilarious sometimes (e.g. they claimed
that cryptocurrency is too new for the big accountancy firms... meanwhile
other exchanges have been audited by one of the Big4).

They are trying to avoid this issue by giving out those reasons. With those reasons said, you know where that issue is going.

It's better for them to tell a lie rather than revealing the truth.