A Hong Kong-based crypto exchange has suspended withdrawals for at least three days without warning.
Hong Kong-based crypto exchange BitForex has halted withdrawals for at least three days without giving a reason. Before the halt, around $56 million in crypto had been withdrawn from the exchange’s wallets.
In a Feb. 23 X post, on-chain sleuth ZachXBT said three BitForex hot wallets saw outflows of around $56.5 million in cryptocurrencies before the exchange stopped processing transactions.
Related: $56M moved from defunct exchange after executives fled
