Bitfinex suspends fiat deposits

posted 5 months ago
Bitfinex, the British Virgin Islands-based & Hong Kong-operated exchange, has “temporarily paused” EUR, USD, JPY, and GBP wire deposits.” Bitfinex had published a blog post earlier this week denying allegations that it is insolvent, though many critics remain unconvinced, particularly given the exchange’s close association with the controversial tether (USDT) cryptocurrency.

“How any rational party can claim insolvency when the opposite is there for all to see is interesting and, once again, perhaps indicative of a targeted campaign based on nothing but fiction,” the firm said in the blog post post. “Complications continue to exist for us in the domain of fiat transactions, as they do for most cryptocurrency-related organisations. However, we continue to do our utmost to minimise any waiting times associated with fiat deposits and withdrawals.”
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