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Bitfinex Exchange Back Online After ‘Issues’ Cause 2-Hour Outage

Bitfinex Exchange Back Online After ‘Issues’ Cause 2-Hour Outage

Bitfinex Exchange Back Online After ‘Issues’ Cause 2-Hour Outage

The platform underwent maintenance after trading was halted.

The platform underwent maintenance after trading was halted.

The platform underwent maintenance after trading was halted.

By Helene Braun
AccessTimeIconApr 19, 2022, 2:50 PM
Updated May 11, 2023, 6:22 PM
(Shutterstock)
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Cryptocurrency exchange Bitfinex reported it had to “temporarily halt trading” on Tuesday, following an issue with the platform.

  • “We are investigating issues with the platform and have to temporarily halt trading,” Bitfinex wrote in a tweet. “We apologise for the inconvenience.”
  • The exchange was down for about two hours starting around 11:00 UTC. It was back online shortly after 13:00 UTC.
  • ​​“A minor glitch occurred during an internal server update,” a Bitfinex spokesperson told CoinDesk in an email. “As a precautionary measure, and given that current market conditions are not volatile, we paused trading to investigate further. Trading has now resumed.”
  • During the time Bitfinex was offline, the price of bitcoin (BTC) fluctuated from as high as $41,030.21 to a low of $40,665.31 on rival exchange Coinbase, according to data compiled by TradingView.

STORY CONTINUES BELOW

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Helene Braun

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

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