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Bitfinex Undergoes Planned Maintenance, Moves Wallet Funds

Published 10/04/2018, 05:22 AM
Updated 10/04/2018, 06:41 AM
 Bitfinex Undergoes Planned Maintenance, Moves Wallet Funds
BTC/USD
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Bitfinex and Ethereum-based exchange Ethfinex are undergoing planned maintenance on October 4. The event coincides with increased concerns over the potential of Bitfinex to affect the Bitcoin ecosystem by using Tether (USDT) and bot orders.

https://twitter.com/bitfinex/status/1047461223762153472

In addition to noting the potential lack of bank service for both Tether and Bitfinex, skeptics are pointing to a marked change in the wallet structure of the exchange. The first indicator was a sudden inflow of funds into the Bitfinex hot wallet, with smaller inflows of USDT to other exchanges in the past days.

After the latest transaction, the Bitfinex hot wallet now contains more than 198 million USDT, lining up among the top five richest wallets. Binance and Huobi also received additional tranches, as data from the Tether rich list shows.

Additionally, the Tether treasury sent 10 million USDT into the Bitfinex hot ...


This article appeared first on Cryptovest

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