Bitcoin
Bitcoin (BTC)
$104,854.00 -1.02094
Bitcoin price
Ethereum
Ethereum (ETH)
$2,578.63 -2.39763
Ethereum price
BNB
BNB (BNB)
$666.19 -1.45443
BNB price
Solana
Solana (SOL)
$160.57 -3.77109
Solana price
XRP
XRP (XRP)
$2.20 -2.66178
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 -6.11006
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -6.2464
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -9.3125
Bonk price
dogwifhat
dogwifhat (WIF)
$0.96197 -9.45246
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37541 -8.71717
Popcat price
Bitcoin
Bitcoin (BTC)
$104,854.00 -1.02094
Bitcoin price
Ethereum
Ethereum (ETH)
$2,578.63 -2.39763
Ethereum price
BNB
BNB (BNB)
$666.19 -1.45443
BNB price
Solana
Solana (SOL)
$160.57 -3.77109
Solana price
XRP
XRP (XRP)
$2.20 -2.66178
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 -6.11006
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -6.2464
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -9.3125
Bonk price
dogwifhat
dogwifhat (WIF)
$0.96197 -9.45246
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37541 -8.71717
Popcat price
Bitcoin
Bitcoin (BTC)
$104,854.00 -1.02094
Bitcoin price
Ethereum
Ethereum (ETH)
$2,578.63 -2.39763
Ethereum price
BNB
BNB (BNB)
$666.19 -1.45443
BNB price
Solana
Solana (SOL)
$160.57 -3.77109
Solana price
XRP
XRP (XRP)
$2.20 -2.66178
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 -6.11006
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -6.2464
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -9.3125
Bonk price
dogwifhat
dogwifhat (WIF)
$0.96197 -9.45246
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37541 -8.71717
Popcat price
Bitcoin
Bitcoin (BTC)
$104,854.00 -1.02094
Bitcoin price
Ethereum
Ethereum (ETH)
$2,578.63 -2.39763
Ethereum price
BNB
BNB (BNB)
$666.19 -1.45443
BNB price
Solana
Solana (SOL)
$160.57 -3.77109
Solana price
XRP
XRP (XRP)
$2.20 -2.66178
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000132 -6.11006
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -6.2464
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -9.3125
Bonk price
dogwifhat
dogwifhat (WIF)
$0.96197 -9.45246
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37541 -8.71717
Popcat price

Crypto exchange BitForex left customers without $55.6m in alleged exit scam

Dorian Batycka
Edited by
News
Crypto exchange BitForex left customers without $55.6m in alleged exit scam

Blockchain sleuth ZachXBT alarmed the crypto community about suspicious activity with the BitForex crypto exchange.

In an X post on Feb. 26, blockchain sleuth ZachXBT flagged concerning activity on the BitForex crypto exchange, alleging that the platform might have exit scammed. According to the investigator, the exchange withdrew approximately $56.5 million worth of crypto from its hot wallets on Feb. 23. Following that anomalous withdrawal, the exchange ceased withdrawals without any official explanation, ZachXBT added.

In January, BitForex underwent a change in leadership as CEO Jason Luo stepped down. While Luo expressed confidence in the new leadership team’s capabilities in a blog announcement, the circumstances surrounding his departure have fueled speculation amidst recent events.

“I believe they will guide BitForex towards even greater horizons. I will continue contributing my wisdom and strength to BitForex because this is my eternal commitment to this home.”

Jason Luo

ZachXBT noted that the exchange still holds significant portions of the TRB and OMI tokens, making the situation even more critical. ZachXBT has identified specific wallets linked to this activity, urging continued monitoring for further developments.

Established in 2018, BitForex encountered numerous user complaints, notably concerning account bans supposedly linked to KYC requirements. As of press time, the exchange has not released any public statements regarding the recent developments.