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Bitfinex Goes Offline and Turns Off Trading

Thu, 09/30/2021 - 10:07
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Arman Shirinyan
One of the largest cryptocurrency exchanges went offline
Bitfinex Goes Offline and Turns Off Trading
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According to its Twitter account and status page, the Bitfinex cryptocurrency exchange went offline after traders could not access their orders and funds on the exchange. Currently, the Bitfinex team is looking into the issue and promises to open trading at around 10:05 UTC.

The first reports of inconvenience on the platform appeared at 7:30 a.m. UTC, but at that time the platform was still online, with the trading process halted. Web servers, trading engines and backend workers are still under maintenance.

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After the opening of the platform, traders will be able to close the open orders that they had previously opened. According to various reports from individual traders, funds withdrawing also has not been functioning properly. There was also no significant activity on exchange-owned addresses.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

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