BitForex website blocks users after $57 million in withdrawals are confirmed.

adminFebruary 26, 2024

Posted 1 minute ago In ~

BitForex was taken offline late last week after $57 million appears to have been withdrawn from the cryptocurrency exchange’s hot wallets.

ZachXBT, a prominent blockchain researcher at

When you try to access BitForex’s official website, the result is “Sorry, you’re blocked. You can’t access bitforex.com.”

The reason for the apparent disappearance of the exchange is currently unknown.

Last year, Japanese regulators noted that the exchange, along with Bitget, MEXC Global and Bybit, were operating without proper registration. Previously, in 2019, Chainalysis reported that the exchange may have manipulated trading volume.

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About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).

adminFebruary 26, 2024