{"id":380173,"date":"2019-04-29T20:00:07","date_gmt":"2019-04-29T20:00:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=380173"},"modified":"2019-04-29T16:50:44","modified_gmt":"2019-04-29T16:50:44","slug":"bitcoin-and-crypto-investors-are-torn-over-using-bitfinex-after-accusation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-and-crypto-investors-are-torn-over-using-bitfinex-after-accusation\/","title":{"rendered":"Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation"},"content":{"rendered":"

This week, the New York Attorney General\u2019s office accused Bitfinex<\/a> of covering up an $850 million loss at the hands of its payments processing partner Crypto Capital, by syphoning money from Tether reserves. The news was enough to send the prices of Bitcoin<\/a> and other crypto tumbling as much as 7 or more percent on the day, and nearly erased the bullish sentiment the market had been experiencing since the start of April.<\/span><\/p>\n

Despite the widespread fears and general unease surrounding Tether and Bitfinex, Bitcoin and crypto investors are divided as to if they should plan an exit from the exchange, according to the results of a new Twitter poll shared by a crypto analyst.<\/span><\/p>\n

Bitfinex Users Are Divided: Half Are Fleeing, Half Are \u201cNot Worried\u201d<\/span><\/h2>\n

As could be clearly seen via confirmed blockchain transaction data, crypto investors began fleeing Bitfinex en masse<\/a> following the news that the New York Attorney General\u2019s office had accused<\/a> the exchange of covering up an $850 million loss.<\/span><\/p>\n

Fears ran amok last week as crypto market participants worried about the structural integrity of the market, concerned it may be artificially propped up by Tether<\/a>. The FUD was enough to cause the price of Bitcoin, which has had a powerfully bullish April, to fall 7% in a matter of minutes before consolidating further under previous support turned resistance.<\/span><\/p>\n

Related Reading | Tether Turmoil Twist: Stolen Reserves Proves Crypto Stablecoin Was Once Backed<\/a><\/strong><\/em><\/p>\n

Despite the fears, crypto investors appear to be divided on if getting their funds off of Bitfinex<\/a> is a wise idea or not, according to data from a new Twitter poll shared by TradingView top author MagicPoopCannon.<\/span><\/p>\n

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To everyone who has funds on Bitfinex, have you withdrawn or will you withdraw (if you can) all of your funds?<\/p>\n

— MAGIC (@MagicPoopCannon) April 28, 2019<\/a><\/p><\/blockquote>\n