Crypto:
32277
Bitcoin:
$98.068
% 4.24
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 98.068
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

Crypto Exchange BitForex to Resume Withdrawals After 5-Month Hiatus

Bitforex

BitForex, a cryptocurrency exchange, has announced it will resume user withdrawals after a five-month halt. The exchange had ceased operations due to a police probe in Jiangsu Province, China, and a major $57M outflow on February 23.

BitForex stated that withdrawals will be reopened for verified users. The exchange will first reopen deposits and trading, followed by a gradual rollout of withdrawals for KYC-verified users.

The exact date for the resumption of withdrawals has not been announced.

In February of this year, the exchange experienced a mass exodus [geçersiz URL kaldırıldı] of $57 million. Shortly after the outflow, BitForex’s official website went down, and users were unable to withdraw funds.

It was later learned that the exchange’s top executives had been detained by Chinese police.

News that BitForex held 18% of the total Tellor Tributes (TRB) supply and 7% of the ECOMI (OMI) supply added to the turmoil.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Kraken's Appeal in SEC Lawsuit Rejected!

Leave a Reply

Your email address will not be published. Required fields are marked *