Bitfinex to charge for recovery of deposit errors

Bitfinex exchange starts charging fees for recovery of deposit errors
24 August 2017   4373

One of the leading cryptocurrency exchanges, Bitfinex, has announced the changes in its fee policy. 

Thus, starting from Friday, August 25th, the exchange will charge its customers for the recovery of the deposit errors, such as depositing BCH to a BTC address and vice versa for a $25 fee.

However, the exchange urges users to be extremely careful when making deposits, since, although the funds can be restored, this is not a guarantee:

The community's reaction is quite diverse. From the one hand, some claim that this is such a greedy move from the exchange:

From the other hand, others fairly notice that it won't affect responsible users:

Although anyone can make a mistake, such a move of the exchange will at least relieve it of deposits on microscopic amounts and will allow hiring more employees for the support service. 

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.


Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.


Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.