Breaking: Bitfinex Stops Accepting Fiat Deposits


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Bitfinex has announced today that bank transfers will no longer be processed. In a statement, the exchange says:

Beginning April 18, 2017, all incoming wires to Bitfinex will be blocked and refused by our Taiwan banks. This applies to all fiat currencies at the present time. Accordingly, we ask customers to avoid sending incoming wires to us until further notice, effective immediately.

The announcement is made just days after the exchange stated they are experiencing USD withdrawal delays after Wells Fargo blocked a wire transfer by the exchange’s Taiwanese banks. On April 13th 2017, they stated:

“Bitfinex is currently experiencing delays in the processing of outbound USD wires to customers. The normal channels that we have been operating through in the past are currently unavailable. Alternative channels are being opened to solve these transmission delays; however, the complexity and scale involved mean that it is taking some time to return to normal withdrawal velocities. Consequently, customers requesting USD wires should expect delays as we work to normalize the withdrawal process.”

Developing story. Further updates to follow.


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