Ethereum wallet of Bitfinex exchange almost half empty

According to the observations of Twitter user Andrew Rennhack, during the week the contents of the cold Ethereum wallet of the Bitfinex exchange decreased by 40%.

Bitfinex ETH coldwallet has declined by 40% in the past week. 800k ETH or $ 150M has left. There is only 1.1M ETH left or ~ 180M USD left at current ETH prices (which will be higher). This is a good old fashioned bank run folks. https://t.co/PFnREzo7v6 pic.twitter.com/7pHTAAJR1z

– Andrew Rennhack (@ andr3w321) 1st of April 2019 p.

According to him, within seven days, 800,000 ETH worth about $ 150 million was withdrawn from the Bitfinex wallet. About 1 , 1 million ETH remained in the wallet for a little over $ 180 million at the current rate.

“This is a good old banking panic, guys,” the author of tweet shared his opinion.

According to TokenAnalyst , by now the outflow of funds into Ethereum from Bitfinex has apparently stopped:

In the last 24 hours, the inflow of funds into Ethereum on Bitfinex is approximately equal to the outflow

However, the outflow of funds in BTC from this exchange continues:

Over the past 24 hours, the inflow of BTC to Bitfinex was $ 37.8 million; outflow – $ 50.2 million

Also note that the rate of Ethereum on Bitfinex is noticeably higher than on other trading platforms:

Data: CoinMarketCap

As for Bitcoin, then on the Bitfinex exchange, the price of BTC today peaked at $ 6145. At the same time, the maximum price for Bitstamp was $ 5,796 .

The most active funds in Bitcoin and Ethereum were withdrawn from Bitfinex on April 26, when news of coverage of losses of $ 850 million at the expense of steblcoin Tether spread. Then over 12 hours, Bitfinex brought more than $ 300 million in Bitcoins and Ethereum

Also earlier, BlockchainJournal reported that as early as next week Bitfinex could launch IEO , available only to qualified investors. Presumably, with the help of borrowed funds, the Hong Kong Stock Exchange intends to compensate for the frozen $ 850 million.

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