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According to a source familiar with the matter, popular cryptocurrency exchange Bitfinex has shifted its banking business to the Hong Kong-based Bank of Communications “through a private account of Prosperity Revenue Merchandising Limited,” the Block states.

It’s also said that HSBC, a recent banking partner of Bitfinex, “was not aware that it was providing banking for Bitfinex and therefore abruptly closed the previous account.”

Recently Bitfinex was involved in numerous rumors claiming that the exchange was facing banking problems. The origin of the rumors was the exchange’s banking partner, Puerto Rico’s Noble Bank International, which had lost Bitfinex as a client and was seeking for a new buyer.

Earlier, one of the largest crypto exchanges Bitfinex made a new statement regarding the suspension of fiat deposits on the exchange.

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