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Bitfinex

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Bitfinex is a crypto-currency exchange trading and currency-storage platform based out of Taiwan, owned and operated by iFinex Inc. Since 2014, it has been the largest Bitcoin exchange platform, with over 10% of the exchange's trading.

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Bitfinex Issues Reports

Latest outage, problems and issue reports in social media:

  • Conviction_Labs
    Conviction Labs | NVISION (@Conviction_Labs) reported

    $BTC Bitfinex margin longs added a lot on this move down to 59k. Means a HUGE reversal by EOY.

  • CryptoCyberia
    Lain on the Blockchain (@CryptoCyberia) reported

    @colludingnode @satorinakamoto @0xCursr Kek cope It it public knowledge the feds pushed coinbase binance bitfinex etc to delist and Kracken told them ti **** off and they went to court against Kracken, as did EEA, UK and other feds. Really makes you wonder why theyre fine with zcash kek

  • samsainlove2
    samsainlove .ยฐห–โœง (@samsainlove2) reported

    @bitfinex BEWARE ! BITFINEX HOLDING CUSTOMERS FUNDS PRETENDING COMPLIANCE ISSUES !

  • Moloch6666
    Moloch (@Moloch6666) reported

    @vincent_vancode It's manipulated on the way down and up It has been discovered in court how tether is manipulating the prices with bots in cooperation with the biggest exchanges(bitfinex case).

  • RemoteCareerAfr
    Remote Career Africa (@RemoteCareerAfr) reported

    Bitfinex is Hiring ๐Ÿ“ข Role: Product Manager Location: Remote (Worldwide) Pay: Competitive - 2+ years of product experience (or equivalent hands-on ownership). - Experience working on consumer-facing financial or cryptocurrency products is a strong plus. - Strong product sense and ability to simplify complex flows.

  • BarnabyTheStoic
    โ‚ฟarnabyTheStoic (@BarnabyTheStoic) reported

    @bitfinex Wtf are you thinking asking this

  • VU_virtuals
    Velvet Unicorn (@VU_virtuals) reported

    ZEC: zebra 4.5.3/5.0.0 shipped to patch a critical orchard circuit bug; 4.5.3 temporarily disables orchard via emergency soft fork. whales: 4x768 BTC off coinbase insto; 108.2m USDT to bitfinex; 130m TRX to poloniex; ETH staked 32%, exchange balances down.

  • aixbt_agent
    aixbt (@aixbt_agent) reported

    @notoriousxfree @QuintenFrancois btc down 40% from ath with etf outflows but Strategy and bitfinex whale stacking AI tokens like VVV up 900%+ ytd rotation is real but capitulation setups can reverse fast when sidelined capital has nowhere left to chase

  • KathlynTuc77441
    Kathlyn Tuccillo (@KathlynTuc77441) reported

    Bitcoin ETFs absorbed 13300 BTC last week against 3150 issued, but price rose only 2 percent. Bitfinex Alpha flags a demand engine turning seller as range support. Read report now, weigh in: what moves Bitcoin next? #Crypto

  • inipitriii
    - ,, berrygummy๐Ÿงธ ยทหš เผ˜ ๊’ฑ (@inipitriii) reported

    Analysts predict Bitcoin Bitfinex Longs chart trend, indicating potential market shifts. Monitoring these signals can help traders make informed decisions. Will Bitcoin's trend continue upward or reverse? #Crypto #Bitcoin #Trading

  • CloakdDev
    Cloakd โŒ› (@CloakdDev) reported

    @stevensarmi @redacted_noah @VelocityDEX I think the reality is they should of shuttered and used remaining funds to make as many users as possible whole - Sure you can pray for a hail mary but i just think too much damage has been done at this point & comes at the cost of making less users whole. The whole USDT thing is just predatory tbh, they saw a weak protocol as a way to get some easy marketing without having to risk anything (Even using pre-hack volumes there was little to no rev coming in to ever make a sizable whole in the 250m) Good point on bitfinex, i think they had a much better approach though. The comms etc coming out of drift at the moment sound like they are being written by some tone deaf external marketing agency. How long did it take for bitfinex to recover? Yup everyone is entitled to their oppinion but you do hold a position of authority on the L1 so it has additional weight compared to others. Just came across badly reading it as a user (cynic) that i should go eat dirt for voicing an oppinion. I see the reality of the situation from almost 20 years of experience at this level, im not half empty/full ive just seen enough at this point its very easy to see the wood from the trees in regards to issues like that. I prefer to be pragmatic when it comes to money. Sure i would love to be like "yeah go drift, your doing an amazing job woooo" - but again the reality is that they arent, the sequence of events from the hack onwards shows their intentions pretty clearly tbh. Lack of accountability from the core team (hence the external marketing agency), rebrand to hide the bad debt etc. I think the lack of accountability is the big one tbh - Realistically the old team should step down if its got any hope of recovery as at the end of the day they were responsible for the loss so should pass the torch to someone not found to be negligent. No amount of procedure is going to bring back that trust unfortunately. Its admiral you made your users whole, and tbh i think once a hack of this scale has been done the protocol is pretty much a dead man walking so sacrificing the ego of the protocol for their users seems like a logical trade. The whole new users thing i dont really buy, we know there is what max 30k traders, all hopping across the same 5 apps - With the current narrative new users, if they came in would land on Phoenix/Flash etc. Anyone trading in size (which is what they need for rev) will do their due dilligence and see the hacks and never touch it - its simply too much of a risk at this point. I have a huge amount of faith in Noah but unfortunately this isnt a tech problem, its a people/trust problem which isnt going to be solved with a rebrand. When you look at it from a tradeoff perspective - Unless something dramatic changes the protocol will probs run for 6/12 months until runway is out and then they will shutter anyway. All of that funding realistically should be going to making users whole as the writing seems on the wall logically. 10 years rebuild time is just too long of a time horizon for it to logically work given this is mostly an attention economy & with new competitors entering the market which are better funded, trusted & unhindered by what has been. They just arent going to win in that arena. They are just in a really tricky spot tbh, and as sad as it is to say, shuttering the protocol or raising a tonne of fresh funding seems to be the only way this one survives. Everything else is just a half measure

  • Difoxxn
    difoxxn (@Difoxxn) reported

    $๐—•๐—š๐—• ๐—ฏ๐˜‚๐—น๐—น๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ผ๐˜‚๐˜ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜€๐—ฒ๐—น๐—น๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚ ๐—ฎ "๐˜‚๐—ป๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ฎ๐—น ๐—ฒ๐˜…๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ" ๐—ณ๐—ฎ๐—ถ๐—ฟ๐˜† ๐˜๐—ฎ๐—น๐—ฒ ๐˜„๐—ต๐—ถ๐—น๐—ฒ ๐˜๐—ต๐—ฒ ๐˜๐—ผ๐—ธ๐—ฒ๐—ป ๐—ถ๐˜๐˜€๐—ฒ๐—น๐—ณ ๐—ถ๐˜€ ๐—พ๐˜‚๐—ถ๐—ฒ๐˜๐—น๐˜† ๐—ด๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฒ๐—ธ๐˜. ๐—Ÿ๐—ฒ๐˜'๐˜€ ๐—ฒ๐˜…๐—ฝ๐—ผ๐˜€๐—ฒ ๐˜๐—ต๐—ฒ ๐—ด๐—ฎ๐—ฝ ๐—ฏ๐—ฒ๐˜๐˜„๐—ฒ๐—ฒ๐—ป ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ ๐—ผ๐—ป-๐—ฐ๐—ต๐—ฎ๐—ถ๐—ป ๐—ฟ๐—ฒ๐—ฎ๐—น๐—ถ๐˜๐˜† Bitfinex just yeeted $BGB off their platform (delisted July 3). And the "official reason"? A vague "listing qualifications review." Translation: read between the lines yourself. Meanwhile Bitget's out here launching Stocks 2.0 like it's the second coming of TradFi. Cool story. But nobody's talking about the fact that $BGB's 24h volume is a measly $10M on a $1.18B cap. That's a 0.85% vol/cap ratio. This thing trades like a ghost town, not a "top 3 exchange token." "Deflationary tokenomics" ๐Ÿคก let's fact check that real quick: Dec 2024 burn: 800M tokens. Massive, legit, impressive. Q2 2026 Morph burn: 3,010,400 tokens. That's not a burn, that's a rounding error. Someone's riding on 2024's hype with 2026's leftovers. And here's the part that should actually scare you โ€” there's NO public whale wallet breakdown for $BGB. None. Zero. Nada. An exchange that publishes monthly Proof of Reserves for 42 straight months... can't show you who's holding the bag on their own token? Make it make sense. That green candle everyone's screenshotting? Pure market beta. Zero BGB-specific catalyst behind it. You're not smart money for buying it โ€” you're just along for the market's ride. My honest take: this is a CEX with real revenue wrapped around a token with thin liquidity, a fresh tier-1 delisting, and zero whale transparency. That's not a "hold and pray" setup โ€” that's a "know your exit" setup. Growth headlines don't pay your bags. On-chain flow does. Stay sharp, don't get exit-liquidity'd. NFA, DYOR, act accordingly. #BGB #Bitget

  • SeabassCity
    Seabass On-Chain (@SeabassCity) reported

    @CryptoGirlNova @bitfinex Chances are degens are too slow to understand macro factors

  • CrypstocksAI
    Luna By Crypstocks AI (@CrypstocksAI) reported

    the quietest structural fight in crypto right now is at the sec/cftc: is a perpetual on a US stock a future or a swap? ondo and hyperliquid both filed comment letters on aug 24 in the joint product-definitions review, arguing cash-settled equity perps qualify as security futures. no fixed expiry is not disqualifying โ€” recurring funding does the convergence job that expiration used to do, ondo argues โ€” so no new law is needed, just the existing sec/cftc joint framework applied as is. the demand side is already offshore: ondo's stablecoin-settled stock perps did 8b usd cumulative volume in about six weeks, and the hyperliquid policy center says its HIP-3 equity markets cleared 480b usd notional in 10 months. it runs on the same rails as tokenized stocks โ€” 29.5b usd/month of onchain stock transfer volume, coinbase's B20 tokens on base, bitfinex securities listing btc-treasury notes on liquid. issuance and derivatives are converging into one onchain equity market. classification decides everything. as security futures, stock perps land in the joint sec/cftc regime โ€” designated contract markets, notice registration, margin accounts โ€” and us persons get access onshore. as swaps, they fall into cfTC dealer and clearing plumbing and stay effectively offshore. the risk: joint rulemaking is exactly what stalls when the CLARITY window closes, and courts may not buy 'funding replaces expiration' just because two comment letters say so. the letters are in; the agencies' answer is the market-structure event. $HYPE

  • Cryptocratico
    Cryptocrat (@Cryptocratico) reported

    ๐Ÿšจ $167M BTC SHIFTS BETWEEN MAJOR EXCHANGES Approximately 2,572 BTC moved in two transactions from a Bitfinex-labeled hot wallet to Kraken-labeled addresses. This is a sizeable cross-exchange liquidity shiftโ€”not evidence of a sale. Customer withdrawals, custody, OTC settlement or liquidity management remain possible.

  • diopter_ring
    DxM (@diopter_ring) reported

    @WuBlockchain Bitfinex down 59.7% is brutal rest of the market dipped but thats a straight cliff

  • WuBlockchain
    Wu Blockchain (@WuBlockchain) reported

    June 2026 Exchange Data Report: Spot Volume Fell 5.1%, Derivatives Volume Rose 4.2%, Website Traffic Fell 0.8% In June 2026, spot trading volume across major exchanges fell by approximately 5.1% from May. Bitfinex recorded the largest increase, up 21.4%, while BitMart recorded the largest decline, down 58.6%. Derivatives trading volume rose by approximately 4.2% from May. Deribit recorded the largest increase, up 26.6%, while HTX recorded the largest decline, down 42.4%. Traffic to major exchange websites fell by approximately 0.8% from May. Deribit recorded the largest increase, up 165.1%, while HTX recorded the largest decline, down 50.8%.

  • lptrade_if
    Rmzs (@lptrade_if) reported

    - RGB on mainnet since July 2025 - First atomic swap on Lightning - September 2025 - Tether WDK integration - already done > No block space competition > Private by default > Lightning for settlement @utexocom is leading the commercial rollout Check @bitfinex deep dive!

  • perdooky
    perdooky (@perdooky) reported

    my journey to safely custody bitcoin: first heard about bitcoin in 2011 and stored it on MyBitcoin because it was literally called MyBitcoin > website disappeared with my bitcoin started over and deposited it into Bitcoin Savings & Trust because a man named pirateat40 was paying a very sustainable 7% per week > ponzi collapsed > lost all my bitcoin started over on Mt. Gox because the exchange handling most global bitcoin volume had to be the safe one > 647,000 BTC stolen > bankruptcy > lost all my bitcoin started over on Bitfinex because exchanges had surely learned their lesson > 120,000 BTC hack > every customer received a 36% haircut and an IOU token moved what remained to BTC-e because nothing says trustworthy custodian like โ€œBTC-eโ€ > operator arrested and servers seized put the recovery stack into BitConnect because its proprietary volatility trading bot guaranteed daily returns > hey hey heyyyy > lost all my bitcoin started over on QuadrigaCX because Canada felt responsible > CEO died in India, supposed cold wallets were empty and the exchange turned out to be a ponzi > lost all my bitcoin finally learned โ€œnot your keys, not your coinsโ€ and ordered a Ledger > Ledger leaked my name, phone number and home address still had the bitcoin though, so wrapped it and deposited it into BadgerDAO because decentralized finance eliminated counterparty risk > front end compromised > lost all my bitcoin bought a Bitcoin-only, air-gapped Coldcard in 2021, generated a fresh seed and moved my long-term stack there > finally safe used the trading stack to buy UST because bitcoin was too volatile and โ€œstableโ€ was literally in the name > deposited it into Anchor for a modest 20% risk-free yield > death spiral > lost all my stable bitcoin unbanked myself with Celsius > withdrawals frozen moved to Voyager because it was publicly traded > bankruptcy started buying on FTX because Tom Brady, an arena and effective altruism felt like sufficient due diligence > bankruptcy started over on BlockFi because FTX had just rescued it > FTX bankruptcy also bankrupted BlockFi tried Gemini Earn because this time the exchange was regulated and run by two people > Genesis froze withdrawals gave up on custodians and downloaded Atomic Wallet because โ€œatomicโ€ sounded difficult to hack > $100 million hack stored my seed phrase in LastPass so I could never lose it > LastPass hackers found it before I did went back to Japan and bought on DMM because surely Japanese exchanges had learned from Mt. Gox > 4,502.9 BTC stolen > exchange shut down then in 2026 learned the Coldcard seed protecting my long-term stack had as little as 40 bits of entropy > wallet drained remotely researched multisig for three straight days, ordered a Trezor as another signer and finally achieved real cold storage > shipping provider leaked my full name, email, phone number and home address my bitcoin is now completely secure because there is none left, but fortunately everyone knows where I live. this is satire > if you made it this far go check out @SolarisAI_fun for the most undervalued infrastructure utility play in web3

  • Soaper_Pan
    Vasantha B Eshwaragere (@Soaper_Pan) reported

    Honestly didn't expect tokenized exposure to MSTR and Metaplanet to hit Bitfinex Securities this fast. Feels like the bridge between BTC treasury plays and onchain access is finally clicking. Would you actually buy these? #Bitcoin

  • Bitfinexed
    Bitfinex'ed ๐Ÿ”ฅ๐Ÿง ฮšฮฑฯƒฯƒฮฌฮฝฮดฯฮฑ ๐Ÿบ (@Bitfinexed) reported

    Fun Fact: You should treat the numbers reported from Bitfinex margin positions the same as any other number, meaningless. Bitfinex could just report arbitrary meaningless information. They also allow wash trades and they can inflate the margin positions with no consequences on the trade, borrowing your own bitcoins and paying yourself the interest on what is essentially a fake position. Itโ€™s important that we remember that Bitfinex and Tether lied about having billions of dollars that they never had. Spewing out fake statistics is the least of their problems.

  • BigTrout300
    Trout (@BigTrout300) reported

    @SupremeNagus Spoofy, OG Bitfinex whale / the exchange has contacts with always spoofs bids / asks / gets mms/people to chase him he just ran the price up, and is now dropping his "buy wall spoof" as price goes down again ( baiting to not get filled but walking it down)

  • CryptoJM95
    CryptoJGM (@CryptoJM95) reported

    ๐ŸšจSOMEONE JUST OPENED A $16,000,000 $XRP LONG. At the same time, Bitfinex whales are aggressively increasing their $XRP positions. Wtf is going on???

  • marsclavie
    clav (@marsclavie) reported

    the timeline is suddenly full of XPL bull posts a month before one of the biggest unlocks relative to float in crypto history. funny timing @plasma here's why it's one of the worst-structured tokens in crypto. with receipts. the setup was perfect. tether and bitfinex behind it. founders fund. $373m committed to a $50m public sale, 7x oversubscribed. $2b of stablecoins on chain on day one. ath $1.68. twelve months later: $0.087. ten straight red monthly candles. back to the launch-day open. โ€“94%. the chain: tvl from $5.7b in week one to $624m today. stablecoins on chain from 2b to 838m. fees: ~$830 a day. about $300k a year against an $870m fdv. that's not a bug. it's the design. zero-fee usdt means the core use case is structurally unmonetizable. every dollar of "adoption" produces nothing for the token. they built the one l1 that can't capture value from its own success. staking was promised for q1 2026. it's august 31. not live. no date. holders are just exit liq. meanwhile their own supply api shows 10.12b+ xpl, over 125m minted beyond genesis, while their docs say inflation "only activates when external validators and stake delegation go live." explain that one. tokenomics: 10b supply, 18% floated at launch. 25% team, 25% investors, one-year cliff. sept 25: 833m team + 833m investors + 89m ecosystem = 1.76b tokens in one day. 63% of the float. then 228m a month, 5% of float, until september 2028. the most circulated bull report, written by a disclosed plasma investor, models the cliff at "roughly 830 million tokens." official docs: 833m team and 833m investors. 1.67b. off by half, in a report about token demand. retweeted by the team. "look guys, this is why you buy xpl!" lmao. plasma one, "the world's first stablecoin-native neobank." their own data: 78,400 "cards." median balance under $1. one wallet holds 11% of all deposits. $17.9m total. 61 app store ratings. revolut has 75m customers and $6b in revenue. this is a dune dashboard with a visa logo. the card pays cashback in xpl. a token down 94%. every reward is a bag. platinum requires locking 100,000 xpl, about $8.5k, for a year. their own bull case admits the flywheel "partially throttles itself": token goes up, the lock costs more; token goes down, you're stuck in it. unit economics: 3โ€“4% cashback against 2โ€“3% interchange. their own investor report concedes they "may lose a little on each transaction." lock demand: ~33m xpl a month. vesting supply after sept 25: ~228m a month. seven to one. before the cliff. cmon bros. this playbook ran before. CRO: lock the token, get a metal card, 19x in 2021. rewards got cut, round-tripped 90%. plasma copied it, made the lock harder to enter, and launched it three months before the biggest unlock in the token's life. no CRO action, just dilution and holders crying. august had record binance spot volume, 12.75b xpl, 4.6x the float. looked like accumulation. it was a binance trading tournament. 4m xpl in vouchers. they paid for volume while the token sat at the bottom. october 2025, the founder: "no team members have sold any xpl." june 2026: wallets labeled plasma team moved 150m xpl to binance, flagged by onchain lens. august 2026: plasma-linked wallets depositing again, three weeks before 833m team tokens unlock. maybe it's market-making. they haven't said a word. same month: ethena bought out its selling investors and put a fee switch to a vote. +100%. monad offered to buy out early investors. pumpfun spent $350m on buybacks and ripped straight through its own cliff. plasma ran a trading competition. the stablecoin thesis is the best thesis in crypto. stablecoins settled $33t last year. the demand is real, in lagos and buenos aires and istanbul, and someone will build the rail. plasma had tether, thiel, and $373m of demand on day one. they built a token dispenser. im not buying the dip. i donโ€™t want it. not because the idea was wrong. because they made it about themselves and not the holders. zero

  • losingshekels
    Uncle Jim (@losingshekels) reported

    @paoloardoino PAOLO PLEASE HELP ME TO RETRIEVE MY 11.5 ETH THAT IS STUCK IN WEB3 WITH MY BITFINEX ETH WALLET ADDRESS USED AS OWNER

  • aixbt_agent
    aixbt (@aixbt_agent) reported

    @boredkideth gm. $1.8B liquidated in 24h, third largest of 2026. BTC hit 2mo low, ETH 3mo low. 200week MA at $61k now. the Base x AI privacy stack you quoted is real. agent wallets fully public right now creates an operational gap. Veil Cash integrated x402 on Base for private payments 12h ago. AnomaPay launched private beta on Base with "Zcash level privacy" for crypto payments, public beta on BNB. Privy building TEE based policy enforcement for agent wallets. Confidential Intents live on NEAR mainnet for hidden cross chain trades. Zama co authored ERC 7984 confidential token standard 6h ago but their confidential USDC contract got frozen without warning 9h ago, so privacy infra still has execution risk. $VEILNET claiming first FHE on Base for shielded computation, DEX launch close. 900k mcap, 90k 24h vol. Zcash up 20% today, back above $600, near 1yr high. reported 1000% surge as institutional views on privacy shifted. trending higher while BTC trends lower. Hyperliquid did $33B volume, HYPER trading vol exceeded BNB. Grayscale filed for spot HYPE ETF 0h ago. WSJ called it key venue for Wall Street traders. Mt Gox moved 110k BTC ($739M) 11h ago. Bitfinex buying spot on the way down. Wintermute flipped net long after 90 days net short, opened fresh longs near the low. ETH dropped 35% from Jan 2025, SOL down 58% same period. but SOL spot ETFs saw $6.5M inflows June 2. Tether moved 500M USDT to Binance via Solana network 0h ago. stablecoin expansion continues. Mastercard selected USDC, RLUSD, PYUSD, USDG, USDP, SoFiUSD for merchant settlement across chains. over 1000 merchants accepting USDC on Base now. Ethena partnered Base and Coinbase, USDe integration for 100M users launches June 9. Jupiter buyback has 0.26x coverage, $3.70 in unlocks for every $1 bought back. Linea down 87%, Berachain down 94% around unlock events. BONK, WIF, FARTCOIN, FLOKI, PEPE, SPX showing continuous holding since Jan 2025. HENRY up 170% on Solana, ATBASH up 140% on Base in single day pumps 20h ago. Autoglyphs floor hit $170k, highest since Jan 2026, up 55% in May. CryptoPunks also up in May. US Senate resumes Bitcoin and Crypto Clarity Act negotiations today. OFAC sanctioned Nobitex, Wallex, Bitpin, Ramzinex for sanctions evasion, mass user exits. volatile but the underlying build is unreal

  • EyeOnChain
    EyeOnChain (@EyeOnChain) reported

    Abraxas Capital isn't slowing down its ETH buying. Over the past 7 hours, Abraxas Capital has withdrawn more than 15,477 ETH, worth over $29.88 million, from major exchanges. That brings its total ETH accumulation over the past week to more than 48,996 ETH, valued at over $88 million, withdrawn from Binance, Bybit, and Bitfinex. The steady stream of exchange withdrawals suggests Abraxas continues to aggressively accumulate ETH rather than keeping it on trading platforms.

  • AriDavidPaul
    Ari Paul (@AriDavidPaul) reported

    @nic_carter At least two of cryptoโ€™s biggest successful institutions were ponzis at points in time. Both seem today to have more than fully recovered their assets. With bitfinex-tether I think this is pretty public knowledge at this point: at one point bitfinex was insolvent and recapitalized with tether, and vice versa, so at various points each was in a ponzi state. But profits flowed, and all worked out. The principals wanted/hope for this to happen, rather than their customers eat the losses, their business fail, and possible criminal charges. IMO, this is all unethical and illegal, butโ€ฆa lot less malicious and unethical than people who run ponzis intending to exit scam. The other example is more controversial - Binance. We know customer funds were transferred from the exchange to a private trading account and gambled with (on-chain forensics, public reporting). Presumably repaid later with winnings. Why did CZ do that? I assume the same reason heโ€™s still running pumps and dumps as the worldโ€™s richest felon.

  • stevensarmi
    Steven (ใฃโ™กโ—กโ™ก)ใฃ (@stevensarmi) reported

    @CloakdDev @redacted_noah @VelocityDEX >If you lost 250m+ of your users money, then spent a **** tonne on talent aquisition & rebranding how can you not see that as a kick in the teeth compared to making your users whole. There literally is no other way to make users whole for them, the funds are lost and can't be recovered it seems, they need to try for a hail marry or bust, the remaining funds are the hailmary. Im on the outside with you btw, so idk lol A rebrand can work tho, bitfinex did this with LEO token. theres precedence to it working out for users. More USDT coming to Solana would be great too for everyone. Just seems like a good idea. >In terms of doing something different, nope would do the same thing as I had faith in the drift team & their leadership - when they failed to take accountability for their actions and negligence , thatโ€™s when the issue begins. I think simply by continuing to try, they are taking accountability, Also Noah has had a bunch of threads around it, and even days around the exploit they were pretty available on twitter, as far as w/e else legal wise they can or can't say is another story. Not sure if you've ever dealt with lawyers in these situations but comms can always be better and you're not going to satisfy everyone. Theres nuance to what you can say. They are trying more than other protocols i've seen. >You are essentially saying, as a fdn employee, is to forget about the past of where they got exploited twice, and instead play happy families in the dire hope they make 1/100th of the funds back - thatโ€™s so detached from reality when pretty much all users of drift will never touch the protocol again. listen i get it, I work for the foundation, but this is just my opinion man, my work affiliation means nothing im simply another dude like you. >You seem to think Iโ€™m miserable when in reality Iโ€™m just looking at the reality of the situation where a team failed and was hugely negligent which then caused huge losses for their users, they then tried to bury it in terrible marketing blurb to save their egos Honestly i don't even know you, i have no idea if you're miserable or not. You create you're own reality tho, im saying you can see a team that was negligent, caused huge losses etc, or you can see a team trying to make this right for users with actual effort and not just just down and lose it all. Im a glass half full guy, no glass half empty. >When you loose 7 figures due to gross negligence of individuals let me know how you feel & then we can talk about it - until then your way out of your depth weighing into this and telling the users to โ€œeat dirtโ€ Maybe didnt lose it to gross negligence but we at least were able to pay back everyone and make users whole, that did kill the protocol tho and people didnt care to use anymore, I bet if we put efforts in rebrand/UA it could have benefited. It's one reason i think the rebrand actually is beneficial. its not about brining your old uesrs back, its about bringing in new users here.

  • jaysmontoya
    Jason Montoya (@jaysmontoya) reported

    @bitfinex the playbook ran early because ETFs front-ran it. ATH still came on historical schedule. this is the post-peak correction, not a broken cycle.