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Bitfinex warned by a cryptocurrency exchange based in Hong Kong in a tweet On Saturday, February 9th, it was temporarily offline for all users, as the crypto markets recorded significant gains.
Initially, the company wrote that the platform was available only "for some users" and apologized for the inconvenience, without specifying the cause of the failure.
However, about thirty minutes later, Bitfinex clarified that he was offline for all his users, citing a "mediocre […] choice of wording "as the reason for misinformation." The full statement reads as follows:
"We apologize for our previous tweet. In the hurry to make users aware of our problem quickly, the wording choice was mediocre. We can confirm that Bitfinex is offline for all users. Rest badured that the funds are safe. We will communicate here with other updates. "
After remaining inaccessible to users for a little over two hours, the exchange ad it is operational again with all the features.
In the most recent tweet On the stock market, the firm cited problems with "connectivity" as the reason behind the temporary shutdown, stating:
"The problem at the origin of this downtime has been attributed to connectivity. […] Your safety is our top priority and we can confirm that all funds were safe during this time. "
According to CoinMarketCap, Bitfinex is currently the world's 18th largest cryptographic exchange in adjusted trade volume.
Nearly every 100 best coins on CoinMarketCap are experiencing significant growth day after day, with the ten most important coins reaching up to 20%.
As Cointelegraph pointed out earlier, the recent Exchange Security Report prepared by independent ICORating badysts has given A rating to 16% of the world's largest encrypted trading platforms, and none of them to the A + rating. According to the study that examined 135 cryptographic exchanges, Bitfinex ranked 5th in the world for the most secure exchanges, with a rating of A.
More recently, the Canadian QuadrigaCX cryptographic exchange system has been left in controversy as a result of the sudden death of its CEO. According to the stock market, the company would have lost access to users' funds – allegedly stored in cold wallets – because its CEO was the only person who could access them.
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