Crypto exchange BitForex shuts down withdrawals and disappears
Crypto exchange BitForex has started blocking access to its website through Cloudflare. Cryptocurrency investigator ZachXBT took to X (formerly Twitter) to highlight suspicious behavior, including shutting down withdrawals and outflows of over $56 million on Friday. ZachXBT also highlighted that BitForex chief exec Jason Luo stepped down from his role last month. The exchange ’s X account has been silent about these issues, with its last post asking simply, “What are the top encryption projects in 2024?” The BitForex team also looks to have gone silent across its other channels, not responding to questions via Telegram or on its Discord server. Screenshot of the BitForex website. Read more: Hackers switching to centralized exchange s to fund crypto attacks Last year, BitForex was one of the exchange s named by Japan’s Financial Services Agency in a letter that accused it of operating without the appropriate registration. It has previously been accused ...