EddieJayonCrypto
27 Feb 24
BitForex, a top Hong Kong-based crypto exchange, has stopped withdrawals on its platform after over $56 million was taken out of its wallets, with an on-chain investigator reporting "suspicious activity." BitForex users are not getting responses to their inquiries, and the CEO stepped down last mont...
BitForex, a top Hong Kong-based crypto exchange, has stopped withdrawals on its platform after over $56 million was taken out of its wallets, with an on-chain investigator reporting "suspicious activity." BitForex users are not getting responses to their inquiries, and the CEO stepped down last month. Additionally, BitForex holds a significant supply of two altcoins - Tellor Tributes (TRB) and ECOMI (OMI) - and has yet to release a statement about the claims.
A top Hong Kong-based crypto exchange has halted withdrawals on its platform after over $56 million was taken out of its wallets last week. According to on-chain investigator ZachXBT, BitForex engaged in some “suspicious activity” last week. In addition, BitForex users are not having their inquiries answered by officials. Furthermore, BitForex’s CEO stepped down last month. BitForex holds a significant supply of two altcoins - Tellor Tributes (TRB) and ECOMI (OMI). BitForex has yet to release a statement about the claims at time of writing.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.