The former Bitfinex Corporation (Renrenbee) and iFinex Limited have stopped business in Hong Kong and Singapore.
Corporations are "struck off" by the owners when they have closed and ended all business activities (...or never had any formal business activities in the first place). What makes this particularly notable is that Bitfinex's money service business licenses were based out of Hong Kong.
So where are they licensed and operating from now, exactly? Oh, nowhere?
Sounds like trouble...and sounds about right, given everything I've discovered and discussed about Bitfinex over the last few days.
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
Tether Deposits and Withdrawals are "Blocked"
Bitfinex Hires PR Firm and International Law Firm To Attack Critics ("Bad Actors")
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.
Once again good article, a good decentralised exchange is what is needed badly, I was thinking about signing up with these guys, for some reason I didn't and then I see this in my feed, thank you for the info.
Best one I know of so far is OpenLedger.
Thanks for the upvote and comment, I really appreciate it!