The Hong Kong-based crypto exchange Bitfinex tweeted past Saturday that the exchange has some temporary issues and had gone offline for all of the users just as the crypto markets saw gains we are about to find out why in the latest crypto news.
The full statement of Bitfinex says:
“We apologise for our previous tweet. In the rush to make users aware of our issue promptly, we were poor in the choice of wording. We can confirm Bitfinex is offline to all users. Please be assured that funds are safe. We will communicate here with further updates.”
After it was unavailable for the users for more than 2 hours, the exchange hurried to announce it is back on track and has retracted full functionality. The company said they have issues with the connectivity which led to a temporary shutdown by saying:
“The issue that caused this downtime was attributed to connectivity. Your safety is our top priority and we can confirm that all funds were safe during this period.”
Currently, Bitfinex is the world’s 18th largest trading platform by daily trade volumes.
According to the data on CoinMarketCap, almost all 100 coins are experiencing some slight growth some of them by even 20 percent. The Exchange Security Report from the ICORating analytics agency has graded 16 percent of the world’s largest crypto exchanges with an A but none of them have A+. Biftinex was ranked at number five with an A- rating.
The exchange is now up and running with no further explanation.
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