In 2019, BeInCrypto reported that Bitfinex had 146,000 BTC in its cold wallet, but not anymore. Someone in the cryptocurrency space has been noticing a big decline in the Bitfinex cold wallets and 57k BTC has being drained in the last 70 days.
Here is a recent tweet from Zack Voell (@Zackvoell) showing that traders are withdrawing their bitcoins from the exchanges.
As you can see in the photo above, more than 176k BTC have been withdrawn from the Bitfinex exchange in the last 30 days.
The CTO of Bitfinex ( Paolo Ardoino) replied that this data was incorrect because:
“it is not considering correctly change addresses.”
and he also added that:
“Finex is definitely in the middle of some major OTC deals, but still the number seems off to me.”
ViewBase has also found out that 52542 BTC has been withdrawn from Bitfinex in the last 30 days.
What is ViewBase?
ViewBase is blockchain analytics for traders which brings transparency to cryptocurrency markets, historical charts, Exchange Wallet Tracker, inflation tracker, and more.
However, those numbers are really crazy in my opinion and I am not sure if that data is correct or not, but time will reveal the truth.
If you have any suggestions, feel free to leave a comment below.