Robert-Jan den Haan

The Bitfinex IEO, how did we get here?

This free preview of The Block Genesis is offered to our loyal readers as a representation of the highly valuable journalism our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join today. Bitfinex is looking to raise $1 billion through an Initial Exchange Offering […]
Read Full Story
May 8, 2019, 11:15AM UTC

Indictment reveals new clues in the Crypto Capital situation

A superseding SDNY indictment unsealed yesterday charged two individuals with multiple felonies including bank fraud. Although the case makes mention of processing payments for cryptocurrency exchanges, it also helps put some pieces together in the unfolding story of Crypto Capital, the payment processor that reportedly had $850 million belonging to Bitfinex seized. The indictment revealed […]
Read Full Story
May 1, 2019, 12:00PM UTC

No, Bitfinex’s seized $850 million is not likely to be unfrozen within weeks

The extent of the fallout after the New York State Attorney General (NYAG) sued Bitfinex is still taking shape, but we do know that $850 million belonging to Bitfinex’s customers is currently missing, or rather, inaccessible. Bitfinex executives have made reassurances that the seized funds would be released within weeks, but a deep dive into […]
Read Full Story
Apr 30, 2019, 7:51PM UTC

Bitfinex quietly increases minimum wire fee

While Black Friday is usually known for its price reductions, the minimum fee for a wire withdrawal on Bitfinex just went up from $20 to $60. While this seems to be specifically designed to combat Bitfinex’s recent withdrawal problems, it effectively makes Bitfinex one of the most expensive exchanges to withdraw fiat currency from in […]
Read Full Story
Nov 23, 2018, 6:36PM UTC