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Cryptocurrency exchange BitForex announced on July 19, 2024, that it will reopen for withdrawals following a five-month outage. The outage was caused by an investigation by the Jiangsu Province police in China, which led to the detention of the BitForex team on February 23, 2024. Approximately $56.5 million flowed out of BitForex's hot wallet on the same day. The platform had been inaccessible since the detention of its team members.
Bitforex to Reopen Withdrawals Months After Team Members' Detention Rendered Platform Inaccessible https://t.co/uuGYHSb6nw
#Bitforex to Resume Withdrawals, Cites Staff Detention #withdrawals #hacking #DigitalAssets https://t.co/uuGYHSb6nw
Cryptocurrency exchange BitForex announced that it will reopen for users to withdraw assets, saying that the team was detained by the police in Jiangsu Province, China on February 23, 2024. About $56.5 million flowed out of BitForex's hot wallet on February 23, and withdrawals…
