Opinion: Bitfinex Bitcoin Exchange will resolve financial problems within two weeks

Two Bitfinex investors reported that the allegations of losing $ 850 million of client and corporate funds put forward by the Prosecutor General of New York did not cause them to worry about the future of the trading platform. It is reported by CoinDesk .

So, Bitfinex share holder Zhao Dong, in a conversation with the publication, said that he was “supportive” in relation to Bitfinex and the issuer Tether affiliated with it. Earlier, Dong had repeatedly assured the crypto community in the financial solvency of the exchange, when the latter faced various difficulties.

According to Dong, Bitfinex CFO Giancarlo Devazini personally assured him that current problems are temporary. A top manager of the exchange added that "it will only take a couple of weeks to freeze the funds."

“The funds were in several banks in Poland, the United States and Portugal, as I understood from the conversation ,” said Zhao.

Officially, the New York prosecutor’s office states that the missing funds belong to both the exchange itself and its clients. However, Zhao argues that the entire amount due is user funds.

“According to my information, there are no losses, but the money belongs to customers. If the funds are confiscated by the US authorities, then they should know that there is no Bitfinex or Tether money. All this is client funds, ” Zhao added.

He stressed that before Bitfinex coped well with various difficulties and expressed confidence that the company will manage to settle everything this time.

As for Tether, Zhao is not particularly worried that, due to problems with Bitfinex, this steyblecoin was only partially secured.

“Tell me, which bank can boast a full reservation? None , says Bitfinex investor. – Most banks are covered by reserves of only 2-3%. As for Tether, even if $ 800 million is lost, the company will remain covered by 70% of reserves. ”

Another Bitfinex shareholder, Tian Jia, said it also remains loyal to the exchange. According to him, the management of the trading platform puts a lot of effort to settle the problems:

“This is client money, not stolen cryptocurrency. This fiatnye means they can not be stolen. They can only be frozen by regulators. At the same time, Bitfinex is trying to get them back now. ”

Bitfinex Email

Meanwhile, Bitfinex CEO Jean-Louis van der Velde, in a newsletter to clients of the exchange, said that the accusations of the New York prosecutor’s office “are full of inaccuracies and false statements. In his opinion, the "categorically false" is the charge of losing $ 850 million.

According to van der Velde, Bitfinex and Tether are aware that these funds have been withdrawn by the authorities and are in several jurisdictions, including Poland, Portugal, the United Kingdom and the United States. Companies are actively working to return these funds, using "clear, consistent and convincing arguments."

The head of Bitfinex also assured customers that Bitfinex and Tether "will not go anywhere" and will continue to work with regulators in various countries.

Recall the other day about 550 bitcoins , stolen from Bitfinex back in 2016, were set in motion .

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