The Bitfinex cryptocurrency exchange declared it is solvent, rebutting a Medium post published Saturday that claimed otherwise and that urged users to withdraw their assets.

On Sunday Hong Kong-based Bitfinex responded by disclosing wallet addresses apparently showing over $1.5 billion in crypto assets it holds. It added the wallets’ contents represents a “small” fraction of its total assets, which also include fiat currency holdings.

CoinDesk reported that based on the provided addresses, Bitfinex holds at least 148,467 bitcoin (BTC), 1.7 million ether (ETH), and over 35 million EOS (EOS) worth around $1.5 billion, based on data from CoinDesk’s price index and CoinMarketCap.

Bitfinex said the Medium post is part of “a targeted campaign based on nothing but fiction” and that “a constant stream of Medium articles claiming otherwise is not going to change this.” Read more here.

ThirtyK Staff
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