Bitfinex's second move amounts to $ 67 million in Bitcoins, but remains among the top 5 richest wallets




Bitfinex, a cryptocurrency exchange owned and operated by iFinex Inc., withdrew several Bitcoin funds from its cold wallet. This was discovered as the second time the exchange withdrew BTC funds within a week, with some speculating that there would be a side effect of NY AG that opened a platform survey.

This movement was pointed out by a Reddit user, Kaburgadolmasi, who commented that around 12,879 in BTC were moved out of the stock exchange's cold wallet. The transfer occurred on April 29, 2019, at 17:53 UTC, when these Bitcoins were valued at $ 67,726,400 [approx. $67 million]. This happened especially three days after the first case when the exchange drew $ 89,41[ads1]9,300 [approx. $89 million] April 26, 2019 at 6:42 UTC.

  Source: Blockchair

Source: Blockchair

Binarygold, a Reddit user, said

"They paid a great deal of $ 300 to ensure that the transaction prioritizes this super-heavy transaction."

Nevertheless, Bitfinex continues to be on the top 10 richest Bitcoin mailing list, despite this transfer. According to Bitinfocharts, the Bitfinex cold wallet was registered to be in the fifth position with 89,404,757 BTC [approx. to $471 million].

In particular, the four top positions were taken by other leading exchanges, with Bittrex placed in the first position as it controls the BTC worth around $ 662 million. The other three exchanges were Bitstamp, Huobi and Binance, with a total of 324,415 BTC [over $1 billion].

  Source: Bitinfocharts

Source: Bitinfocharts

Cointastical, another Redditor, said

"30,000 BTC withdrawn, and Bitfinex still has ~ 90,000. Bizarre that so many people … along with 90,000 BTC are willing to play chicken with what is very possible, a Mack truck has gone away. "

Apart from this, the price of Bitcoin on Bitfinex continues to be significantly different from other exchanges, with coin trading at a premium of about 4 percent on the platform. According to CoinMarketCap, at press time, Bitcoin traded at Bitfinex at $ 5530.40, with a trading volume of around $ 45 million.

Redditfagggg, another user, said,

"I stopped using this exchange after trying to steal my bitcoins a few years ago. They froze my account and answered the tickets every 2 weeks. Endurance and luck paid and I got my money back. 10/10 never recommends "


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