Bitfinex are having quite a week, to put it mildly. You wouldn’t know as much by monitoring their social channels though: there’s not a word about that unfortunate $30 million Tether hack; just a tweet noting how pleased they are to announce BTC:EUR trading. On the surface, it’s business as usual at “the world’s largest and most advanced bitcoin trading platform”. Step outside the Bitfinex bubble, however, and things are anything but rosy.
Where to start with Bitfinex? Questions surrounding the company’s secrecy, lack of proper banking facilities, and odd relationship with Tether have abounded for months, but lately those murmurs have grown into a crescendo, prompting the exchange to break its silence, tweeting: