BitForex’s Slow Exit: Withdrawal Delays Frustrate Users

• BitForex reassured users it will continue to process withdrawals.
• The defunct exchange blamed the delays on workload and the need for verification.
• BitForex shutdown following police investigation in China.

BitForex, the now-defunct cryptocurrency exchange, issued a reassuring update early Saturday, promising to continue processing withdrawals for users who still have assets on the platform. In a recent X post, the BitForex team explained they’re handling withdrawals in batches and urged those still waiting to be patient.

According to BitForex, the withdrawal delays are due to a significant workload and the need for thorough verification of account information and assets. The exchange also mentioned it’s actively working with other platforms, including OKX and Binance, to address asset freezes that might be affecting some users’ withdrawals.…

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