Bitfinex Struggles with Money Withdrawal, Community Observers Predict MtGox Scenario

Several observers from the Bitfinex community are pointing out severe problems with money withdrawal on the exchange, which might lead to it becoming “the next MtGox”. The risk may be related to the connection between Tether and Bitfinex and the concerns regarding redacted information that would normally be included in an audit.

Some users are claiming that the company is putting its users at risk and will eventually result in major losses through fraudulent trading practices.

Bitfinex the next MtGox?
Obviously the risk of over-inflation of bad news is real. Consumers are anxious about their financial status and can offer risk assessments that are built more on anxiety than on actual analysis. Nevertheless, many of the concerned users seem to be making specific observations public along with careful analysis.

Assuming the best about Bitfinex, it would seem to be good business practice to make their internal workings clear in light of the general public anxiety. Cointelegraph has reached out to Bitfinex to ask them to clarify the situation and will update this story as soon as any commentary is issued.