Coinspeaker
BitForex Website Suspends Operations after $57M in Sudden Withdrawals
Some shady and suspicious activity seems to be taking place at Hong Kong crypto exchange BitForex, as its website went dark following a $57 million in withdrawals from its hot wallets that took place last week, on February 23.
According to blockchain investigator ZachXBT, the BitForex platform has ceased processing any further withdrawals. Besides, users are also reporting a lack of responsiveness from the BitForex team regarding their inquiries.
Seeing some suspicious activity with the crypto exchange @bitforexcom.
On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having been made since.
Currently users are asking questions on… pic.twitter.com/gFEcwExHKh
— ZachXBT (@zachxbt) February 26, 2024
Additionally, attempts to visit the BitForex website result in users encountering a page displaying the me
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