Cryptocurrency exchange Bitfinex has temporarily halted fiat deposits on its platform “in the face of processing complications”. The situation, expected to normalize soon, comes days after the company denied recent insolvency rumors.

Confirming media reports from late last week, Bitfinex said in a Twitter post on Monday that it had paused euro, US dollar, Japanese yen, and British pound wire deposits for certain customer accounts. All cryptocurrency and fiat withdrawals remain active, the company noted. It went on to ensure users that is working to resolve the problem.

“We are working to implement a new and increasingly robust fiat deposit system, to be available in the next 24 hours, by Tuesday, October 16, 2018, to allow for the efficient processing of fiat deposits. Until then, we apologize for the inconvenience of the situation,” Bitfinex stated.

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This article appeared first on Cryptovest

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