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Bitfinex Suspends All Fiat Deposits Amid Rumors Of Financial Instability

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Thu, 11/10/2018 - 14:02
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Bitfinex Suspends All Fiat Deposits Amid Rumors Of Financial Instability
Cover image via U.Today
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Bitfinex has suspended EUR, USD, JPY, GBP wire deposits, although screenshots taken on the cryptocurrency exchange suggest that the situation is expected to “normalize within a week.”

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On Oct. 7, in response to the rumors of insolvency and financial instability, the exchange released a blog post stating “Bitfinex is not insolvent” with the links to its public wallet addresses.

Last week reports emerged stating that Bitfinex started banking with HSBC through a private account of Global Trading Solution. However, the account is no longer functional.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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