Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Bitfinex breakdown without affecting crypto prices

3 min reading

The Bitfinex cryptocurrency exchange recorded a 5-hour break in operation on Wednesday. Prices of cryptocurrencies didn't change.


The Bitfinex cryptocurrency exchange recorded a 5-hour break in operation on Wednesday. The trading platform was unavailable for most of the afternoon trading session in North America and the morning trading session in Asia.

Bitfinex CEO Paolo Ardoino informed on Twitter that several clients noticed inaccuracies in their stock accounts and incorrect display of the value of their wallets. Ardoino admitted that, for fear of the security of the trading company's clients' data and money, the trading company was suspended for the duration of the investigation. According to Coinmarketcap, Bitfinex is the sixth largest stock exchange in terms of volume. Due to the platform's exclusion, the exchange's trading volume decreased by 32%.

Another breakdown of Bitfinex

This is not the first time the Bitfinex platform has been disabled. In February 2019, the exchange stopped operating for two hours during a market boom, which caused anger among users who wanted to benefit from price increases. Since March this year, exchange has not had a very good run-in. Since the black Thursday in March, 66.6% of Bitfinex's total bitcoin resources have flown out, which translates into 126,845 BTC .

The shutdown of the Bitfinex platform this time had no impact on cryptocurrencies prices. During the five-hour break, the price of bitcoin fell by about 0.42%. For comparison, during the previous 24 hours, BTC recorded a 2.38% increase. Ether increased by 1.3% during the break and by 4% during the previous 24 hours. Currently, the price of bitcoin is about $11,628, while ether is about $393. The increased interest of DeFi also translates into an increase in ETH value. The total revenues of ETH miners increased by 1400% this quarter, and for the first time they overtook BTC.

Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.