Bitforex Suspends Withdrawals Amid $56.5 Million Outflow

Bitforex, a prominent centralized cryptocurrency exchange, unexpectedly suspended withdrawals for its users. This transaction pause came shortly after an alleged $56.5 million was withdrawn from the exchange’s hot wallets. Bitforex suspends withdrawals amid $56.5 Million Outflow Crypto investigator Zachxbt reports the Bitforex team stopped all forms of communication with its user base after the incident. […]