Bitfinex's Biggest Critic Is Back on Twitter

The Twitter account belonging to Bitfinex'ed was briefly suspended amid a long-running controversy over the crypto exchange and related token tether.

AccessTimeIconFeb 8, 2018 at 3:30 p.m. UTC
Updated Sep 13, 2021 at 7:33 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The most outspoken critic of cryptocurrency exchange Bitfinex and the controversial tether token is back on Twitter following an account suspension.

The restoration of the account belonging to Bitfinex'ed came hours after his or her account was suspended on Wednesday by Twitter moderators. Bitfinex'ed has waged a steady campaign against the exchange and the related company Tether, which manages the USDT token, accusing Bitfinex of using the U.S. dollar-pegged "stablecoin" to manipulate and pump up the price of bitcoin. The companies, in turn, have threatened legal action against their pseudonymous gadfly.

In a statement posted to the r/buttcoin subreddit, Bitfinex'ed pointed the blame squarely at the cryptocurrency exchange, writing: "After Failing to spam my Twitter with 400,000 fake followers, Bitfinex hires bots to mass-report my tweets and accounts."

"My Twitter account is currently suspended, earlier I had about 20 tweets that were considered 'private' despite the fact that it's all public information (and some stuff that even the NY times has along with [B]loomberg, yeah so private), so they've been using bots to mass report my tweets," he or she wrote, adding: "Some people just don't like their scams being exposed."

A spokesman for Bitfinex and Tether denied the claims of spamming and automated mass reporting. He would not say whether the companies had reported the account to Twitter at all, even manually.

According to Mashable, a Twitter spokesperson said that the suspension "was a mistake."

Late last month, Tether said that its relationship with auditor Friedman LLP had "dissolved," blaming the complexity of the process. The revelation provided further fuel for critics of Bitfinex and Tether, given their promises to release full audits.

Friedman has yet to comment publicly on that outcome, but it has scrubbed all mentions of Bitfinex from its website.

And just days later, Bloomberg reported that the Commodity Futures Trading Commission (CFTC) had issued subpoenas to Bitfinex and Tether, although it remains unclear exactly what information the agency is seeking.

With the suspension lifted, Bitfinex'ed has resumed publication, arguing in a Thursday morning tweet that it must have been Friedman that pulled the plug on the Tether audit.

Based on this, it's my opinion Friedman LLP dropped Bitfinex, and not the other way around.

— Bitfinex'ed

Image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about