Bitfinex was founded in 2012 and launched in [[Hong Kong]] as a #cryptocurrency exchange, later becoming a subsidiary of [[iFinex]] Inc. Key developments: - 2012: Founded - 2016: Major hack ($72M in Bitcoin stolen) - 2019: [[New York Attorney General (NYAG)]] investigation with Tether - 2021: Settled with NYAG ($18.5M) - 2022: Enhanced compliance measures Ownership: - Subsidiary of iFinex Inc. - CEO: JL van der Velde - CTO: Paolo Ardoino Key services: - Cryptocurrency trading - Margin trading - Lending platform - [[OTC (Over-The-Counter)]] services - Derivatives trading Notable for being one of the oldest major crypto exchanges, with close ties to [[USDT (Tether)]], though has faced regulatory scrutiny and security challenges throughout its history.