Bitfinex is back online: why did it shut down earlier today?

09 Feb, 2019
by Alberto Arnaldo
Exchange
Bitfinex is back online: why did it shut down earlier today?

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.

The exchange followed with a shutdown announce on Twitter, and resumed their activities two hours later.

Read more: Bitfinex goes offline leading to concern among users

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.

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:

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Read more: Why people are apprehensive about the upcoming Bitfinex downtime; Bitfinex finishes maintenance (but hasn't re-opened trading yet...)

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Read more about:Bitfinex

Poll

Do you believe Bitfinex was involved in market manipulation?

(47 votes)

Add a comment

I don`t see a gig drama here. Just a downtime which all the bif exchanges as Bitfinex face
10 Feb, 2019 - 01:34
I do agree. i use a lot apf exchanges it happns to different them. it is life..
bitfinex recovered fast
10 Feb, 2019 - 07:18
Why is there so much noise around minor technical issues? I am sure that Bitfinex is fine and there is no reason to worry
10 Feb, 2019 - 10:19
Bitfinex is now really in good condition, and at that time nothing threatened its customers.
21 Feb, 2019 - 07:27
think that was reasonable, but all the bitfinex users are safe, so keep trading!
10 Feb, 2019 - 19:12
I missed all the fun , wake up when bitfinex already worked, have not seen any differences
11 Feb, 2019 - 04:38
sun shines, bitfinex works, life is good ;)
14 Feb, 2019 - 20:37
moreover bitfinex explained the reason.
11 Feb, 2019 - 18:47
thats the main thing that funds are safe, so i keep trading on bitfinex
13 Feb, 2019 - 10:05
I don't believe that Bitfinex was involved in market manipulation. Bitfinex seems to be honest with users. Moreover, the team reacted fast and fixed the situation.
11 Feb, 2019 - 08:44
I didn`t use bitfinex before but my friend says it is safe
12 Feb, 2019 - 10:26
bitfinex reputation is clear so i am supposed to believe it
14 Feb, 2019 - 08:30
okay, Bitfinex was offline for some time. so what?
11 Feb, 2019 - 17:44
And I did not experience connectivity problems in Bitfinex
11 Feb, 2019 - 18:11
Too much noise around a small technical problem. Haters immediately began to blame Bitfinex in various social networks but the problem was solved very quickly! ahahaha haters were punched
11 Feb, 2019 - 21:45
probably Bitfinex haters every time have to look for the slightest thread to find fault with something. I do not envy them because Bitfinex is really a very high-quality platform
20 Feb, 2019 - 09:12
The most important thing is that the pause on Bitfinex was short and now everything works
12 Feb, 2019 - 10:09
moreover, team was aware and told about it to users. it is best that bitfinex can do for users
14 Feb, 2019 - 09:37
what's done is done. Bitfinex recovered, funds are in order.
12 Feb, 2019 - 11:03
i also do not see any reason for panic or withdrawing from bitfinex. this exchange has proved that it is reliable and safe
12 Feb, 2019 - 14:27
I think amid a heavy influx of fiat, there was a simple traffic congestion problem on Bitfinex/
12 Feb, 2019 - 15:13
I also couldn't enter the bitfinex during the pause time but the support answered all my questions and it calmed me down. Thanks God, now everything is ok.
12 Feb, 2019 - 16:44
so many haters of bitfinex now but all the normal traders know that some technical failures can be with anyone
12 Feb, 2019 - 18:17
You haven't seen a downtime on the Poloniex !! it's not necessary to raise an alarm and sow the panic because of 2 hours of pause for Bitfinex!
12 Feb, 2019 - 19:09
nothing critical there. bitfinex works
12 Feb, 2019 - 19:18
lol where have I been that I missed Bitfinex offline?
13 Feb, 2019 - 08:29
that offline period was caused by some kind of connectivity issue. i am glad that bitfinex team was able to solve it so smooth
13 Feb, 2019 - 08:42
It is good that the team warned users so everyone was aware of it.
Each exchange faces iddues
14 Feb, 2019 - 00:31
If it had happened, Bitfinex had reasons
13 Feb, 2019 - 09:28
Bitfinex warns users immediately after a problem occurred. That's why i keep calm
13 Feb, 2019 - 14:14
good bitfinex told us about that in advance
14 Feb, 2019 - 16:57
comparing to outages at other major exchange bitfinex' one was the shortest and at the time when the trading volume is very low
14 Feb, 2019 - 09:42
Where did some users get info about the market manipulations?
I don't know what happened but no manipulations can be held
15 Feb, 2019 - 10:56
I don't know from where appears such information. well, the real bitfinex users know true!
15 Feb, 2019 - 12:08
I knew there is no reason to worry, I was right
18 Feb, 2019 - 20:51
Dont know why it actually happened in bitfinex
18 Feb, 2019 - 21:25
Hopefully all issues were solved quickly and everything is safe and works at Bitfinex.
20 Feb, 2019 - 22:39

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