Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11.

While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.”

As reported Oct. 8, the exchange has recently been prompted to officially respond to online rumours that claimed Bitfinex was insolvent and/or facing banking issues. As part of its recent statement, the exchange acknowledged that “complications continue to exist” for Bitfinex “in the domain of fiat transactions,” but stated this is something prevalent among “most” crypto-related organizations.

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