On November 19, Bitfinex publicly responded to the controversy surrounding their business practices and alleged lack of transparency. The promised formal announcement has not been made yet, but we can expect the company to react eventually as new allegations are continuing to pile on. Mainstream media is picking up the story as well, increasing the pressure further.

Since Bitfinex tweeted that they are preparing a response, there have been two major developments in the story - Tether (USDT) has been hacked to the tune of 30 million, and new information about Bitfinex's banking and background has come to light. It has been revealed that a small Polish bank, Bank Polskiej Spółdzielczośc, is providing banking services to Bitfinex in Europe. The account Bitfinex uses on this bank is not registered to their name, but to "CRYPTO SP.ZO.O", a company that is 99% owned by a Panama company called Crypto Capital Corp. We should also mention that CEX.io is using the same bank as Bitfinex, and we will update you once the nature of these connections becomes clearer. We hope Bitfinex can clear the situation up in the upcoming announcement.