Browsing:Bitforex

BitForex halts withdrawals for 3 days without giving notice
2 months ago 1 min read

This crypto exchange halts withdrawals for 3 days without giving notice

Hong Kong-based crypto exchange BitForex faced scrutiny after the company website went offline after the withdrawal of $57 million from its hot wallets on February 23. The exchange also halted withdrawal for at least 3 days. The incident was first reported by detective ZachXBT on X (formerly Twitter), raising concerns about the exchange’s operations. The BitForex team has not issued any official statements, leaving users seeking answers on X/Telegram. A month before the incident, CEO Jason Luo announced his departure, expressing confidence in the new leadership team’s ability to guide the exchange towards greater horizons. In addition, the sudden withdrawal