The Twitterverse lit up like a Christmas tree after a report from TheBlock that the Bitfinex cryptocurrency exchange has “temporarily” suspended dollar deposits.

Unnamed sources told the publication Bitfinex “expects the situation to normalize within a week.” The company did not comment on TheBlock’s report.

However, the suspension may go beyond the dollar to other fiat currencies.

Earlier this week, the crypto exchange rebutted a post in Medium that said it was insolvent and urged users to withdraw their assets ASAP. Bitfinex said it is solvent and “a constant stream of Medium articles claiming otherwise is not going to change this.”

ThirtyK Staff
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