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Bitfinex Exchange may be insolvent



Recently, the Hong Kong cryptocurrency exchange Bitfinex was faced with insolvency charges. In response, Bitfinex made a statement that these claims are based entirely on fiction. Also, the Exchange, in proof of the fact that it owns the necessary amount of assets, disclosed cold wallet addresses that contain Bitcoin, Ethereum and EOS.

Submitted exchanges claim that the data disclosed by them represent only a small part of the total assets of the exchange, including undisclosed fiat.

Based on the data provided, Bitfinex has at least 148,467 Bitcoin, 1.7 million Ethereum and more than 35 million EOS. At the moment, the cost of these cryptocurrencies is about 1.5 billion US dollars.

The claims to the stock exchange also mentioned the Bloomberg report, as supporting evidence that Puerto Rican Noble Bank ceases cooperation with both Bitfinex and Tether.

In response, Bitfinex said that the information and charges related to Noble Bank “do not affect” their “operations, vitality or solvency”.

And what do you think about this?