Bitfinex has little fiat left to allow its users to withdraw, so they buy Bitcoin instead and withdraw directly after. It's frustrating seeing how this exchanges continues to land itself in deep trouble with their shady operators.

I'll keep an eye out to see how Bitfinex's cold wallet gets drained further due to traders fleeing the platform in order to secure whatever they have left there. Only an utter idiot deposits Bitcoin and sells for USDT right now.

It's time for the authorities to raid everything related to Bitfinex so we get rid of this nasty exchange once and for all. Sure, it will hurt the market initially, but when they implode the pain will be way worse.