Post
Topic
Board Trading Discussion
Re: Can Bitfinex still be trusted?
by
exstasie
on 04/09/2019, 07:35:18 UTC
I would love to hear what you think. Can Bitfinex still be trusted? It has a long history of questionable decisions, hacks, and mystery.

Whales still swear by it. Even Mike Novogratz was found to be trading there not long ago. I'm very confident they aren't out to exit scam but the problem is more complex. They are being probed by the CFTC and DOJ, and the state of New York is pressing ahead with a civil case against them too. They also had nearly a billion dollars seized in an international law enforcement bust.

They were able to cover the insolvency with their IEO but they are one or two seizures/indictments/horrible PR stories away from total ruin. I would act accordingly.