Published
5 years ago on
October 11, 2018
“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.”Their bank account is a private one under the name Global Trading Solutions and so it isn’t clear whether HSBC was aware that the exchange was banking with them. According to The Block who said:
“Now it appears that the private account is no longer functional. Bitfinex currently has no active method of deposits as all USD, EUR, JPY and GBP deposits are paused.”Now, this is different from what was said by Bitfinex in their blog post explaining why they weren’t bankrupt or going bankrupt. They had said:
“Verified Bitfinex users can freely withdraw Euros, Japanese Yen, Pounds Sterling and U.S. Dollars.”Twitter users are also reporting the issue, with USD withdrawals currently being temporarily stopped for many. There is speculation that the recent drop in the price of Bitcoin was due to the rumours of the withdrawals being stopped. If you decide to attempt to deposit USD anyway you will be met with this message:
“USD Wire Deposits Temporarily Paused. We expect the situation to normalize within a week. We apologize for the inconveniences.”What are your thoughts? Let us know what you think down in the comments below!Reference:AMB Crypto Investment Disclaimer