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Bitfinex Suffers System Issues, Stops All Trading Transactions

Bitfinex Suffers System Issues, Stops All Trading Transactions Other Exchanges News
  • Bitfinex stopped all its trading transactions due to system issues.
  • The exchange remains one of the top ten exchanges in CoinGecko.

Bitfinex, one of the top ten biggest exchanges in CoinGecko, stopped all its trading transactions due to system issues in the platform. In detail, the network released the announcement using their official social media and website. It was posted on their official website and social media on September 30, 2021, at 07:43 UTC.

This incident surprised the crypto community and the account holders inside the Bitfinex exchange. Of course, this scenario makes people wonder what really happened to the exchange. However, Bitfinex remained silent about the real cause of the problem. Instead, to address the issue, it released a statement that the problem had been identified.

On the same day, the exchange released a statement that the problem had been solved at 10:20 UTC. Furthermore, there are no asset losses that have been reported amid the exchange offline. Indeed, this swift response that was made by the exchange solved the problem and gave the account holders in the exchange, peace of mind.

On the other hand, this is not the first time the crypto world has experienced this incident. Therefore, it is always advisable to always act vigilantly. In other words, as much as possible, do not leave your assets for a long time in exchanges. With this, users have a big chance to evade unknown cyberattacks that could cause asset loss.

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.