OncetheEthereum(ETH)networkupgradeoccurs(theMerge),asnapshotwillbetakenofallETHbalancesandmarginpositions.Wemaypausetrading,depositsandwithdrawalsofETHforashortperiodinconnectionwiththeMerge,butotherwisewewillendeavourtosupporttheMergeinawaythatisasseamlessaspossibletoourusers.Pleaselookforfurtherannouncementsregardingwhatpauses,ifany,willbeimplementedinconnectionwiththeMerge.FollowingtheMerge,ETHbalanceswillreflectETHontheupdatedEthereumprotocolwhichusesaProofofStakeconsensusmechanism.?
OneormoreforkscouldemergeinconnectionwiththeMerge.Bitfinexintendstoevaluateanypotentialforkedtokensandmakeadeterminationaboutwhethertosupportthatfork.Bitfinexdoesnotguaranteethatanyforkedtokens,includinganyforkofETHwillbesupportedormadeavailablefortrading.Pleaselookforfurtherannouncementsonthattopicasmoreinformationbecomesavailable.
IfBitfinexdecidestosupportoneormoreforkedtokens,BitfinexintendsthatuserswithanETHbalanceintheirBitfinexAccountasofato-be-determinedforksnapshotwillreceive?forkedtokens.Userswillreceivethesetokensaftertheforksnapshotandallnecessaryaccountingreconciliationsarecomplete.
Userswhoareengagedinpeer-to-peerfinancingactivitiesonBitfinexinETHatthetimeoftheforksnapshotshouldbeawarethat:
UserswithMarginshortETHpositionswillbedebitedanequivalentamountoftheforkedtokenfromtheirmarginwallet.ThereisnoguaranteethatBitfinexwillopenamarketfortheforkedtoken.AnydecisionbyBitfinextolistornotlistaforkedtokenmarketwillnotimpactyourobligationtosettleanynegativebalances.AfailuretotimelysettlenegativebalancesmayresultinBitfinexsettlingthosebalancesatprevailingmarketrates,asdeterminedbyBitfinexinitssolediscretion.?UserswithMarginlongETHpositionswillbecreditedanequivalentamountoftheforkedtokentotheirmarginwallet.?UserswhoarelendingtheirETHwillbecreditedanequivalentamountoftheforkedtokentotheirwalletbalance.ImportantNotes
Nothinginthisannouncementisfinancial,investmentorotheradvice.Nothinginthisannouncementisanofferorthesolicitation,recommendationorendorsementofanycourseofdealing.AnyreferencesinthisposttoreceiptofaforkofETHareonlyhypotheticalandnotguaranteed.
Forward-LookingStatements
Certainstatementsinthisannouncement?maybeforwardlookinginnature.Thewords“believe,”“expect,”“estimate,”“could,”“should,”“intend,”“may,”“plan,”“seek,”“anticipate,”“project”andsimilarexpressions,amongothers,generallyidentify“forward-lookingstatements,”whichspeakonlyasofthedatethestatementsweremade.Themattersdiscussedintheseforward-lookingstatementsaresubjecttoanumberofrisks,trendsanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromthoseprojected,anticipatedorimpliedintheforward-lookingstatements.NoneofBitfinexnoranyofitsAssociatesisresponsibleforupdatingorrevisinganyforward-looking.statements,whetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw.
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