Bitfinex Moves to Quash Insolvency Rumors
Cryptovest
Published Oct 08, 2018 04:34AM ET
Updated Oct 08, 2018 05:41AM ET
Bitfinex Moves to Quash Insolvency Rumors
Hong Kong-based cryptocurrency exchange Bitfinex has addressed recent media reports to deny circulating insolvency claims and Noble Bank-related issues while also ensuring investors that its trading operations continue as normal.
Rumors of the potential collapse of Bitfinex and its stablecoin Tether (USDT) surfaced over a year ago but have intensified in recent days. On Sunday, the company hit back at any “watchful ‘investigators’” who “are quick to scream insolvency, seemingly with little understanding of what this concept means and what they are generally talking about.”
“Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” the company said in a blog post .
This article appeared first on Cryptovest
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