Trouble? Bitfinex Posts Record High Net Bitcoin Withdrawals in April 20194

Trust in cryptocurrency exchange BitFinex is on a record decline, a new research highlights.

London-based blockchain investigation firm, Token Analyst, revealed that BitFinex witnessed its most massive net bitcoin outflow in April 2019 at 314,897 BTC. The second most significant withdrawal was 182,425 BTC in January 2018, which coincided with a bitcoin price drop from $17,178 to $9,601. But unlike the last time, the latest Bitcoin withdrawal rate at BitFinex didn’t exactly cause a price crash, indicating that traders were merely moving BTCs from one wallet to another instead of selling them for other assets.

Original source
https://www.newsbtc.com/2019/05/08/trouble-bitfinex-posts-record-high-net-bitcoin-withdrawals-in-april-2019/

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