Has BitForex Ceased Operations?

Adekunle Joshua

BitForex has abruptly ceased operations, leaving its website down and trading halted

Users cannot access their funds, sparking concerns of a potential rug pull.

Recently, on-chain detective ZachXBT witnessed some suspicious activity at BitForex, noting a $57 million outflow from the exchange’s wallets

Following this, withdrawal processing was promptly halted. However, the BitForex team claims that the website is under maintenance