Bitfinex Ledgers Are Hopelessly Bugged. There Is No Audit. Get Your Coins Off Their Exchange While You Still Can.

Bitfinex is undergoing a collapse. Proof is mounting they are operating a fractional reserve, with larger withdrawals tending to take longer. There are multiple accounts of accounting irregularities and database bugs at Bitfinex.

For example: Withdrawing XMR, which was supposed to result in a fee of 0.04 XMR... resulted in a fee of 0.04 BTC.

Another...some deposits are not even credited.

And yet another...perhaps most alarming of all... "I had a negative account balance for no reason."

How can they possibly get audited or be keeping honest books when these errors are plaguing their systems?

The answer is simple. They can't.

Please see my last post about the ongoing trouble with Bitfinex withdrawals occuring now - it's only a matter of time before they're stopped altogether. Get your coins off this collapsing exchange NOW, while you still can.

This post is a continuation of my previous posts about the risks presented to the cryptocurrency ecosystem by Tether and Bitfinex. You can read them here:

Widespread Cryptocurrency Price Crash Imminent Due To Bitfinex and Tether

Do you have money on Bitfinex? You might want to read this.

Tether Prints $325,048,400.00 USD in the Month of November

How Tether is Pumping Up and Propping the Bitcoin Market in One Simple Chart

Tether Shareholder Report Leaked: Links Between Bitfinex and Tether Confirmed

Question to Bitfinex CFO Giancarlo Devasini: "Can you create a Willy Bot to take us to $10k?" His Response: "Currently working on it..."

Tether Deposits and Withdrawals are "Blocked"

Bitfinex Hires PR Firm and International Law Firm To Attack Critics ("Bad Actors")

Multiple Users Cannot Withdraw BTC or ETH from Bitfinex. Management Blames DDoS and Heavy Demand: "Our CTO hasn’t slept in 4 days and will not sleep until this is sorted."

Bitfinex Corporation Has Closed Down All Business Activities In Hong Kong and Singapore

The material for this post was sourced by Bitfinexed on Twitter, one of the top critics of Bitfinex and Tether's business activities. Please feel free to share or re-steem this post to warn others. Your comments and upvotes are always appreciated, of course.