Crypto Exchange Bitfinex Denies Accusations of Insolvency

[Niko]

Hong Kong-based crypto exchange Bitfinex has hit back against claims it is insolvent and disclosed wallet addresses appearing to show it holds over $1.5 billion in crypto assets.

The company, which shares management with Tether, the venture behind the U.S dollar-pegged crypto USDT, stated in a blog post on Sunday that it is not insolvent, and "a constant stream of Medium articles claiming otherwise is not going to change this."

Bitfinex called out such allegations as "a targeted campaign based on nothing but fiction."

The firm further revealed cold wallet addresses holding bitcoin, ethereum and EOS, as claimed proof of the amount of the respective assets it currently holds. It added that the wallets' contents represents a "small" fraction of its total assets, which also include undisclosed fiat holdings.