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Bitfinex accused of manipulation after halting their trading services for 60 minutes | #VentureCanvas

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Priya | AMBCrypto


Bitfinex, one of the leading cryptocurrency exchange platform announced that they are back with their services after encountering a ‘Service Disruption Post Mortem’ on 31st August 2018.

The exchange platform had made the announcement regarding the issue in a series of tweets, leaving the community screaming that this is manipulation at its best. The announcement comes days after BitMEX, one of the leading cryptocurrency exchange platform, was attacked which led to the forceful liquidation of the shorts.

The first announcement made by the exchange platform on Twitter stated:

“The platform is encountering connectivity issues with one of the servers. As a precautions we had to suspend trading temporarily. We are working hard to have the platform return to normal operations as soon as possible.”

This was followed by Bitfinex stating that their ‘matching engine server’ was restarted without any notice by their cloud hosting provider. The platform said that they were going to restart their servers proceeding which, the trading services would be back to normal. This led to the platform closing down its trading services for almost 60 minutes.

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Source: Bitfinex accused of manipulation after halting their trading services for 60 minutes

 

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