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Bitfinex Struggles with Money Withdrawal, Community Observers Predict MtGox Scenario

Several observers from the Bitfinex community are pointing out severe problems with money withdrawal on the exchange, which might lead to it becoming “the next MtGox”. The risk may be related to the connection between Tether and Bitfinex and the concerns regarding redacted information that would normally be included in an audit.

Some users are claiming that the company is putting its users at risk and will eventually result in major losses through fraudulent trading practices. According to one concerned Twitter user, ‘Bitfinex’ed’:

TWT

Further, concerned users are noticing large price swings and comparing those to Bitfinex’s margined trading practices. These users on Twitter are concerned that the market is being moved by large-scale trades.

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