• BitForex went offline due to police detention, causing a $57 million outflow and restricting user access and withdrawals.
• BitForex will suspend trading and halt new registrations during a comprehensive rectification to enhance platform security.
• BitForex warns users against scammers and ensures official withdrawals will be allowed with KYC documentation upon reopening.

BitForex is set to reopen for customer withdrawals following a shutdown triggered by an investigation by Chinese authorities earlier this year.

The platform’s unexpected closure in February prompted a warning from Hong Kong’s Securities and Futures Commission and sparked concerns among users about the safety of their assets.

This incident, which made the platform inaccessible following a $57 million outflow, forced the platform offline. Consequently, user withdrawals and acce…

The post BitForex Reopening: Withdrawals Resume, KYC Required appeared first on Coin Edition.

• BitForex went offline due to police detention, causing a $57 million outflow and restricting user access and withdrawals.
• BitForex will suspend trading and halt new registrations during a comprehensive rectification to enhance platform security.
• BitForex warns users against scammers and ensures official withdrawals will be allowed with KYC documentation upon reopening.

BitForex is set to reopen for customer withdrawals following a shutdown triggered by an investigation by Chinese authorities earlier this year.

The platform’s unexpected closure in February prompted a warning from Hong Kong’s Securities and Futures Commission and sparked concerns among users about the safety of their assets.

This incident, which made the platform inaccessible following a $57 million outflow, forced the platform offline. Consequently, user withdrawals and acce…

The post BitForex Reopening: Withdrawals Resume, KYC Required appeared first on Coin Edition.