Site Relaunch

We are beginning the process of bringing the platform online in a controlled and secure way. Currently the site is available on a read-only basis as we continue to work towards enabling full functionality. This means that users will be able to log into their accounts but trading, depositing, and withdrawing will remain disabled at this time.

Please be aware of the following changes required by the ongoing platform recovery:

  • Users will be required to reset their password.
  • Users will be required to reset their 2FA, if applicable.
  • Clef has been disabled for all accounts. We have reset our security keys with Clef, requiring users to re-enroll.
  • All API keys have been revoked. The creation of new API keys will be re-enabled within the next 48 hours.

Please take this time to log in and review your account and balances, taking note of the adjustments caused by the closing of open margin positions and the application of the Extraordinary Loss Adjustment. The loss adjustment is represented by your balance in “BFX” tokens which are priced at 1.00 USD until we are able to allow trading of that token, likely within the next week. The trading of BFX tokens may have some restriction for US customers.

Full platform functionality will come online in progressive steps in the coming days. Withdrawing, depositing and exchange trading will come online first, with margin trading (for non-US customers) to resume sometime after that. Further announcements will be made when the schedule for turning on those features is finalized. Once again, we thank you for your patience.

The Bitfinex Team

13 Comments
  • sheref
    Posted at 01:07h, 08 August Reply

    can anybody explan about BFX please? and how we will get back our money ??

    • SEEYAFINEX
      Posted at 18:50h, 08 August Reply

      They are like secondlife lindens, but worth less

    • Michael
      Posted at 17:47h, 09 August Reply

      The BFX tokens represent your loss is USD. You can get your money back by selling your BFX tokens for 1 USD. each. If your account lost 1000 USD, you received 1000 BFX.

      Of course if everybody would sell their BFX as soon as trading opens, the price would crash. I think i’ll just set a sell order at 1 USD price and sell my BFX to those who are interested in trading with it, i prefer to just have my money back.

  • Han Jae Young
    Posted at 02:06h, 08 August Reply

    When open it correctly?

    leave the massage on the your blog before Open it.

  • I.Kuz
    Posted at 05:41h, 08 August Reply

    150k USD lost, but anyway it’s was the best decision at that moment. We are waiting for the comprehensive report of losses and problem-solving of security and auditing!

  • Karl
    Posted at 12:09h, 08 August Reply

    It is the best option for everybody, well done Bitfinex.

  • Roman
    Posted at 14:56h, 08 August Reply

    Good decision even if it hurts. I hope it will be followed by resuming website features and full transparent report and calculations how you end up with 36% haircut and socialized loss plus what contribution is given from BFX aasets / shareholders assets to solve this issue

  • Mobius
    Posted at 15:38h, 08 August Reply

    Good Job Bitfinex, It hurt but it is better than losing everything

  • NS
    Posted at 15:42h, 08 August Reply

    Best Decision. But if transpayent report is not published before trading resumes then Bfx will never recover.

  • Zues
    Posted at 16:22h, 08 August Reply

    This is utterly frightening. What are the restrictions to US clients? The only people that are cheering are those who were Bitcoin intensive. It’s not like our banks were broken into, only possibly ALL of Bitfinex’s bitcoin were stolen (we have no idea of what % total or how they even was taken – $70 million in one hit is huge and sounds significant enough for Bitfinex to not recover from).

    WE STILL DON’T KNOW HOW THIS HAPPENED AND YOU’RE TURNING BACK ON?!?

    If Bitfinex allows Non-US clients to clear out of their accounts first, there will be significantly less than 66% of the available US clients funds to support them. The US customers will bear the cost of the Bitfinex market exit.

    Utterly Reprehensible. I think the hackers are the one cheering for Bitfinex to turn back on and proceed like normal operations.

  • ral_miramar
    Posted at 19:45h, 08 August Reply

    CONGRATULATIONS to Bitfinex team. I come from the MT bankruptcy. Gox, and not wanting to go through another. The temporary loss hurts, surely eventually be recovered … careful what caranchos, q are waiting for prenderce of the skeleton … Segurito WILL starve. ..

  • CF
    Posted at 14:16h, 09 August Reply

    Best decision for the time being, but what is going to stop the value of the BFXtoken from crashing to pennies on the dollar if its able to be traded. I saw a suggestion on reddit to allow us to use it to pay our transaction fees, if this is the case the value of the coin will not crash as hard as traders will pick up at a 10-20% discount to save a little on fees. Second I want to see a full breakdown of how 36% was achieved, I’m willing to accept it but I want to see how it was derived.

  • bitbuds
    Posted at 18:21h, 09 August Reply

    Will bfx ever > 1.00? It would be great if people who keep BFX have a chance to recover more than they lost.. maybe a share of profits could go into BFX so there isn’t a mass exodus of BFX and people leaving the site.. it seems we want bitfinex to continue operations in order to make sure BFX is worth something later..

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