Bitfinex exchange
Overview
Bitfinex is a centralized cryptocurrency exchange founded in 2012. It offers spot and margin trading, peer-to-peer lending, and a wide range of altcoin pairs. The exchange is operated by iFinex Inc. and has been closely associated with the Tether (USDT) stablecoin issuer.
Within the DeFi Intel graph, Bitfinex connects to 2 tracked entities, most strongly to Tether, British Virgin Islands.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
partnered_with | Tether | 95% |
headquartered_in | British Virgin Islands | 85% |
Frequently asked questions
What is Bitfinex?
Bitfinex is a digital asset trading platform that provides spot trading, margin trading, and lending services for cryptocurrencies.
How is Bitfinex related to Tether?
Bitfinex and Tether share common ownership and management under iFinex Inc. In 2019, the New York Attorney General alleged that Bitfinex used Tether's reserves to cover an $850 million loss, leading to a legal settlement.
What security incidents has Bitfinex experienced?
In August 2016, Bitfinex suffered a hack resulting in the theft of approximately 120,000 BTC. The exchange socialized the loss across all user accounts and later issued recovery tokens.
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