Bitfinex Cryptocurrency Exchange In Trouble Due to ‘Extreme Load’

Bitfinex In Troubles Due to ‘Extreme Load’

Bitfinex, one of the most important cryptocurrency exchanges around the world, informed on Twitter that the exchange was experiencing an extreme load. The tweet was published on June the 5th in the morning in the United States.

Bitfinex is currently under extreme load. We are investigating the issue and will keep you all up to date as we learn more.

— Bitfinex (@bitfinex) June 5, 2018

The exchange informed that they are investigating the issue and they are analyzing what caused the problem. At the same time, they said that they will be communicating to the community why this heavy load occurred.

At the moment of writing, Bitfinex is the fourth most important virtual currency exchange by trading volume, managing over $406 million dollars. The most important trading pairs ar EOS/USD, BTC/USD, and ETH/USD, accounting for over 66% of the total volume.

The EOS/USD trading pair accounts for 28% of the exchange’s volume which offers 77 different pairs. It will be important to understand what happened and if users’ funds are in danger or not.