Bitcoin

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<p>One of the leading cryptocurrency exchanges owned by iFinex,<a href="https://www.cryptopolitan.com/u-s-transfers-1b-seized-bitcoin-from-bitfinex-hack-to-unknown-addresses/"> Bitfinex</a>, showed technical issues on its platform and had to halt trading for some time. The team has completed maintenance successfully, and trading operations have resumed.</p> 
<h2 class="wp-block-heading" id="bitfinex-addresses-technical-glitches">Bitfinex addresses technical glitches</h2> 
<p>Bitfinex, a prominent cryptocurrency exchange, has temporarily suspended trading due to reported issues with platform performance. The exchange announced the halt via social media, assuring users of ongoing updates through their official channels and status page.&nbsp;</p> 
<p>But after that, it <a href="https://twitter.com/bitfinex/status/177390180658360320" rel="nofollow noopener" target="_blank">announced</a> the resumption of trading activity and expressed gratitude for users’ patience during this time.</p> 
<p>Bitfinex, which has been one of the Bitcoin trading heavyweights, has been facing technical hiccups that have prompted them to halt trading activities. The platform told its users of some degradation in performance, and they went further to start maintenance to resolve the issue.</p> 
<p>Maintenance Completion Signals Resumption of Trading Meanwhile, after the maintenance, Bitfinex announced that all required tasks had been completed and resumed the exchange for trading. Bitfinex was down for maintenance on the trading platform but re-opened it at 2:45 AM UTC.</p> 
<h2 class="wp-block-heading" id="confidence-boost-amid-bitfinex-s-technical-challenges">Confidence boost amid Bitfinex’s technical challenges</h2> 
<p>Community Reaction and Assurance What caught the eye of the community, however, was the Bitfinex announcement regarding the technical issues and the following maintenance. Panic and cautious optimism were some descriptions many used to sum up their users’ feelings.</p> 
<p>Cryptoiz Research, one of the most reputed crypto research platforms, reassured the community over the imminent recovery of Bitfinex and further built confidence that the exchange was up to addressing the situation.</p> 
<p>This new technical problem of Bitfinex has become one of the rare on this platform, already famous for its stable standing in the arena of crypto trading. The exchange has had an occasion with security incidents, most notably from the year 2016 when it was hacked by Heather Morgan and her husband from Liechtenstein. This incident resulted in the theft of over 120,000 BTC, valued at $3.6 billion at the time.</p>

Crypto giant Bitfinex bounces back and overcomes technical turmoil

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