Bitfinex, a Hong Kong based crypto exchange were in crossfire of insolvency as users claimed to have facing issues with withdrawls.
The company share the management with Tether, the venture behind the U.S dollar-pegged crypto USDT,statedin a blog post on Sunday that it is not insolvent, and “a constant stream of Medium articles claiming otherwise is not going to change this.”
” a targeted campaign based on nothing but fiction ” says Bitfinex
Bitfinex holds at least 148,467 bitcoin, 1.7 million ether, and over 35 million EOS. These cryptocurrencies are worth around $1.5 billion, based on data from CoinDesk’s price index and CoinMarketCap.
Bitfinex’s rebuttal follows a recent article on Mediumpublishedon Saturday that claimed the exchange is no longer solvent and urged users to withdraw their assets.
In its response, Bitfinex claims that “both fiat and cryptocurrency withdrawals are functioning as normal,” adding:
“Verified Bitfinex users can freely withdraw Euros, Japanese Yen, Pounds Sterling and U.S. Dollars. Complications continue to exist for us in the domain of fiat transactions, as they do for most cryptocurrency-related organizations.”
Reportsadds that Puerto Rican Noble Bank stops banking services to Bitfinex & Tether, and the company adds that “no impact” on its “operations, survivability, or solvency.”
What is Bitfinex’s doing in switzerland market?Read to find out more!
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