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Bitfinex Withdraws $89 Million From Cold Wallet, Not Publicly Explained The Reason

Vicky Wei

Summary: According to cointelegraph, cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet. Bitfinex, the same owner as USD stablecoin Tether (USDT), has not explained the reason for the withdrawals in front of the public. Both companies face a fresh debacle over potentialy missing funds.

According to cointelegraph, cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet. Bitfinex, the same owner as USD stablecoin Tether (USDT), has not explained the reason for the withdrawals in front of the public. Both companies face a fresh debacle over potentialy missing funds.