Unexpected Move from the Giant Crypto Exchange: It Stopped Withdrawals, Here’s Why!

A senior company based in Hong Kong crypto- The exchange suspended withdrawals on its platform after over $56 million was withdrawn from its wallets last week.

According to blockchain researcher ZachXBT, BitForex showed signs of engaging in some “suspicious activity” last week.

“We are detecting some suspicious activity on BitForex crypto exchange. On February 23, ~$56.5 million outflows occurred from hot wallets. Following this situation, withdrawals were stopped and no official statement has been made since then.”

According to ZachXBT, BitForex users have not received a response from BitForex officials on X and Telegram. Additionally, it is known that BitForex’s CEO resigned last month.

According to ZachXBT, BitForex has two altcoinIt has an important resource of.

Bitforex holds 18% of TRB supply and 7% of OMI supply.

Tellor Tributes (TRB) is a decentralized oracle system that gives miners on the Ethereum (ETH) network access to external data and interact with smart contracts. TRB token is used in payment instrument and protocol governance.

OMI represents the native utility token of the VeVe digital collection platform. OMI tokens used in the ECOMI digital collection platform serve as local medium of exchange.

Koinfinans.com As we reported, BitForex has not yet made an official statement about the allegations.

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