Cryptocurrency exchange Bitfinex denied what it called “rumors” and “allegations” about its alleged insolvency on October 7, revealing cold wallet balances in an attempt to prove its financial stability.
‘Bitfinex Is Not Insolvent’
In a blog post, executives hit back at “watchful ‘investigators’” who it says were “eagerly anticipating and predicting the industry’s collapse.”
“Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” the post reads.
The rebuttal had come as the result of a report claiming that the exchange’s operations and online actions had led its author, known as ‘ProofOfResearch,’ to “believe” it was bankrupt.