Cryptocurrency exchange Bitforex suspends withdrawals from hot wallets due to $56.5 million loss

Bitforex, a centralized cryptocurrency exchange, suddenly stopped user withdrawals. This sudden move comes shortly after a reported $56.5 million was removed from the platform’s hot wallets. According to online cryptocurrency researcher Zachxbt, the Bitforex team has stopped all communication with users. No official position from the BitForex team. February 23 Cryptocurrency BitForex (…)