Bitfinex, one of the most prominent cryptocurrency trading platform suffered from some hindrances yesterday. Apparently the services provided by the platform were disrupted. In order to tackle the bug that was generated, the trading services were temporarily adjourned for about an hour. It was reported that the problem had been caused by the cloud hosting provider that restarted a core matching server. The company kept its clientele informed through tweets
The platform is encountering connectivity issues with one of the servers. As a precautions we had to suspend trading temporarily. We are working hard to have the platform return to normal operations as soon as possible.
— Bitfinex (@bitfinex) August 31, 2018
The damage control team was quick to respond and ensured that no data was unaccounted for. The team also moved the data awaiting allocation to the database. The system, however, remained unassailable, and afterwards a number of tests were carried out to ensure its proper function and subsequently the system was reset.
Our matching engine server was restarted by our hosting provider without notice. We are in the process of restarting the server and returning the platform to normal operations. We expect this process to take at least 30 more minutes. Apologies for any inconvenience.
— Bitfinex (@bitfinex) August 31, 2018
The exchange corporation also handed out a list of transactions that went through during that hour. These had the type: synchronising, as they had not been synced and moved to the company’s database, whereas some of them had the type: testing, which indicated the transaction carried out in order to test the functionality of the system.
The company ensured that they have now taken vital steps towards the protection of their system to avoid such an instance from happening again. They finally tweeted this putting an end to the problem that had ascended.
Trading is once again live.
We apologise for the downtime and wish you a happy Friday.
— Bitfinex (@bitfinex) August 31, 2018
