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Bitcoin:
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BTC Dominance:
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Market Cap:
$2.43 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.

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