Bitfinex Reopens Deposits But Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships.

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships.


‘NEW, IMPROVED AND INCREASINGLY RESILIENT’

In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, improved and increasingly resilient fiat depositing system.”

“This new process will once again allow KYC-verified users from around the world to initiate deposits across USD, GBP, JPY and EUR,” the post reads.

Bitfinex has faced a raft of rumors in recent weeks ranging from allegations it was insolvent, to suspicions it had failed to find new banking support after allegedly opting to cut ties with major reserve institution Noble Bank.

Ongoing volatility in stablecoin Tether (USDT), which shares a CEO with Bitfinex, has led to the insolvency theory continuing to circulate online.

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