Bitfinex Joined Forces With Irisium

According the representatives of both companies, they "collaborate to improve digital asset market integrity"
15 March 2018   1185

The third largest exchange Bitfinex, based in Hong Kong, will implement an Irisium to monitor trading operations manipulative behavior monitoring and suspicious activity, improve market integrity and obtain analytics on all trading processes.

Comprehensive market and trade surveillance capabilities are integral to operating an exchange. To meet the complex needs of an evolving digital asset class and to protect our sophisticated participants, Bitfinex requires an agile surveillance system built on the latest technology. Together with our experienced team, the Irisium platform will provide the surveillance needed to protect our participants and our venue from trading abuses.
 

Paolo Ardoino

CTO of Bitfinex

Innovative technology Irisium, according to Bitfinex, will allow processing a wide range of data, which will provide professional analysts necessary to identify suspicious activity information.

We are at a tipping point in the development of the digital currency marketplace. As professional traders and sophisticated investors enter the market, exchanges need to deploy modern surveillance tools that can detect abusive trading practices and protect their customers.
 

Alastair Goodwin 

CEO of Irisium Ltd

Bitfinex stressed that together with Irisium they intend to create a new global standard for the transparency of the functioning of cryptocurrency exchanges. 

Bitfinex to Get Stolen BTC Back

As reported, Bitfinex will convert received crypto into US dollars and transfers them to RRT tokens holders
25 February 2019   187

The US authorities returned the Bitfinex 27.66 BTC cryptocurrency exchange, which was stolen as a result of a hacker attack in August 2016. These funds were in law enforcement since November 2018. This is stated in the official message of the site.

Over two years following the hack of the Bitfinex platform, today we see the results of a clear and robust response strategy and the efforts of the U.S. government. It gives us great pleasure to be able to reimburse our traders that were loyal to us and believed in us at a very difficult time. We would like to thank U.S. federal law enforcement agencies for their ongoing efforts to investigate the security breach and their commitment to seizing and returning stolen assets.
 

Giancarlo Devasini

Chief Financial Officer, Bitfinex

Bitfinex will convert received crypto into US dollars and transfers them to RRT tokens holders. The site opened up the possibility of converting BFX debt tokens into this asset after full repayment of debts on them in April 2017.