After being shut down for about 2 hours, Bitfinex has reopened trading. The exchange has offered explanations regarding their unplanned downtime.
As Chepicap reported right after the Hong Kong based exchange went down earlier today, the issues started at around 7:45 AM GMT, with several users experiencing connectivity issues.
Is Bitfinex 502'd for anybody else? pic.twitter.com/2EhjTqxuj6— ezbrah (@ezbrahBTC) February 9, 2019
The exchange followed with a shutdown announce on Twitter, and resumed their activities two hours later.
As the shutdown took place amid a heavy influx of fiat into the crypto markets, many users were wary of the possibility of a DDOS attack, with some others hoping for a simple traffic congestion problem.
We are pleased to confirm full functionality has resumed on the Bitfinex platform. We apologise unreservedly for the downtime, more details coming shortly. In the mean time our support time is here and ready to take any queries: https://t.co/YslE5GtSGT Thank you for your patience— Bitfinex (@bitfinex) February 9, 2019
After promising more information as the above tweet shows, the official apology on the Medium blog of the company did not offered many details, mentioning that the shutdown had been caused by a “connectivity” problem.
Some of the opinions on Reddit about the issue are listed below: