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BitForex Reopening: Withdrawals Resume, KYC Required
Jul 20, 2024
< 1 min read
by CoinEdition
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- 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.
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