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Bitfinex history
Bitfinex company history timeline
Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world.
In June 2016, the United States Commodity Futures Trading Commission ordered Bitfinex to pay a $75,000 fine for offering illegal off-exchanged financed commodity transactions.
In April 2017, Bitfinex announced that it was experiencing delays in processing USD withdrawals after Wells Fargo cut off its wire transfers.
The reported figures for 2017 were $333.5 million in gross profits, $6.8 million in expenses, $326 million in net profit and $246 million in dividends.
In March 2018, British Virgin Islands-based Bitfinex confirmed the exchange’s plans to relocate its primary server infrastructure to Zug, Switzerland.
Phil Potter, Chief Strategy Officer of Bitfinex left the exchange about June 22, 2018.
In October 2018, Bitfinex again had serious difficulties with its banking relationships.
James alleged that in 2018 Bitfinex knew or suspected that Crypto Capital had absconded with the money, but that their investors were never informed of the loss.
Reggie Fowler, who is alleged to have connections with Crypto Capital, was indicted on April 30, 2019, for running an unlicensed money transmitting business for cryptocurrency traders.
On October 15, 2021, it was announced that Bitfinex will pay a $1.5 million fine to the Commodity Futures Trading Commission for illegal, off-exchange retail commodity transactions in digital assets with Americans.
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Zippia gives an in-depth look into the details of Bitfinex, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bitfinex. The employee data is based on information from people who have self-reported their past or current employments at Bitfinex. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bitfinex. The data presented on this page does not represent the view of Bitfinex and its employees or that of Zippia.
Bitfinex may also be known as or be related to Bitfinex and Bitfinex, Inc.