Bitfinex | ForkLog

ForkLog 6 11.10.2024

US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US prosecutors have requested an 18-month prison sentence for Heather Morgan for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016. In 2022, law enforcement arrested the couple involved in the hack—34-year-old Ilya Lichtenstein and 31-year-old Morgan. They seized over 94,000 BTC valued at $3.6 billion at the time. The couple […]

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ForkLog 21 10.10.2024

US Authorities Recognize Bitfinex as Sole Victim of 2016 Exchange Hack

Currently, Bitfinex stands as the sole claimant for compensation from the 2016 hack, which saw the theft of 119,754 BTC from the platform. This is according to court documents. The US government stated it is unaware of any other parties entitled to compensation. However, authorities will proceed cautiously to ensure no potential victim is overlooked. […]

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ForkLog 6 08.10.2024

Bitfinex Highlights Reduced Risk of Bitcoin’s “Sudden Drop”

The decline of Bitcoin from $66,500 to $60,000 last week is seen as a “healthy pullback” that reduces the risk of a “sudden drop” in the coming days and weeks, according to Bitfinex. Experts observed a 10% drop as a sign of “cautious sentiment” among investors. They believe buyers may still seek opportunities to consolidate […]

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ForkLog 7 25.09.2024

Bitfinex Identifies Key Factor for Bitcoin Price Support

For bitcoin prices to maintain sustainable long-term growth, they must consolidate above the August peak of $65,200. This conclusion was reached by Bitfinex analysts in their report. According to their assessment, September’s rally in digital gold was primarily driven by derivatives trading activity amid weak demand in the spot market. Open interest in bitcoin products […]

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ForkLog 11 13.09.2024

Key Support Levels for Bitcoin Identified by Experts

Currently, the most critical support levels for Bitcoin are at $52,000 and $46,000, according to a report by ARK Invest. The latter represents the average on-chain price, highlighted in red on the chart below. Data: ARK Invest. Experts noted that the leading cryptocurrency lacked the strength for a significant rebound after a nearly 9% drop […]

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ForkLog 2 04.09.2024

Bitfinex Predicts Bitcoin Could Fall to $40,000

The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by CoinDesk. Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5–8% surge, followed […]

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ForkLog 10 09.08.2024

Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitcoin has the potential to serve as a safe haven during an economic downturn, even though the broader cryptocurrency market may suffer. This assertion was made by Bitfinex, reports The Block. Experts noted that over the past three months, central banks worldwide have implemented 35 rate cuts. Such a rapid pace reminded them of the […]

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ForkLog 22 30.07.2024

Bitfinex Hack Suspect Attends Bitcoin 2024 Conference

Heather Morgan, accused of laundering billions in bitcoins linked to the 2016 Bitfinex exchange hack, has been spotted at several cryptocurrency conferences, including Bitcoin 2024. Her presence has sparked controversy within the community. She is the one next to the waitress. pic.twitter.com/C25NLo30iV — Demelza Hays, Ph.D. (@CryptoPhD) July 28, 2024 Bitcoin developer and Casa co-founder […]

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ForkLog 27 06.07.2024

Bitfinex to Refund Investors in Failed El Salvador Hotel Project

Bitfinex Securities has announced plans to refund all investors involved in the construction of the Hampton by Hilton hotel complex at El Salvador’s international airport, as reported by Cointelegraph. The company failed to secure the minimum required funding of $500,000 to proceed. The project raised only $342,000, which is less than 5.5% of the initially […]

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ForkLog 13 19.06.2024

Bitcoin Faces Potential Drop to $60,000 if $65,800 Support Breaks, Says CryptoQuant

Bitcoin has neared the aggregate breakeven level for speculators (~$65,800). This mark will act as support, and if breached, could trigger a correction down to $60,000, according to analysts at CryptoQuant, reports The Block. Experts believe that traders closing arbitrage deals have intensified downward pressure on the price of the leading cryptocurrency. Currently, the market […]

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ForkLog 9 18.06.2024

Bitfinex Analysts Anticipate Bitcoin Price Consolidation Phase

Analysts at Bitfinex have suggested that the bitcoin market has entered a consolidation phase, characterized by gradual sales from long-term holders (LTH). Last week, we saw a sharp turn in #Bitcoin‘s fortunes with significant net outflows from Spot Bitcoin ETFs, ending a 20-day inflow streak.This is reminiscent of the outflows we saw at the end […]

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ForkLog 13 07.06.2024

Bitfinex Predicts Bitcoin’s Bull Run Peak by Late 2024

During the current bull market, the price of the leading cryptocurrency is expected to reach its peak at some point in the fourth quarter of 2024. This conclusion was drawn by Bitfinex, reports The Block. “Past data indicates that Bitcoin typically reaches a new ATH several months after the halving,” explained the experts. Experts noted […]

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