Several observers from the community Bitfinex point to serious problems with the withdrawal of money from the stock exchange that may lead to the fact that it will be “next MtGox”.
The situation becomes even more uncertain because of the connection Tether and Bitfinex.
Some users claim that by its actions, the company jeopardizes the funds of the users due to unscrupulous trading practices. According to one Twitter user, “Bitfinex’ed”:
In addition, interested users notice large fluctuations in prices and associate it with margin trading practice Bitfinex. These Twitter users are concerned about the impact these large trades have on the market. Here is another review:
This guy gets it. When you then also factor in that they are wash trading with the funds, 500M liquidity (or a few billion leveraged liquidity), they can pretty much decide the price all on their own.— Mathias Grønnebæk (@MatGroennebaek) November 17, 2017
Following MtGox Bitfinex?
It is obvious that bad news tend to spread quickly. Users worried about their funds and can assess the risks based on your concern, not a real situation. Although it is worth noting that many users are not just concerns, but also make their assumptions based on careful analysis of the situation.
For example, the user Bitfinex”s published material on a Medium of communication Bitfinex and Tether, and the problems that arise due to this. Another Twitter user has carefully substantiated his concerns about possible manipulation of the price:
Bitfinex is the next MtGox. People are starting to scream about it in droves. It’s becoming a big problem. This is exactly how the MtGox crash began and then poof. It was gone along with millions in user funds https://t.co/oIsUrJkGVy— Bronxr (@BronxR) November 18, 2017
Bitfinex has not commented on the situation.