Hong Kong-based crypto exchange BitForex has halted withdrawals without giving a reason following the withdrawal of $56 million from its wallets on Feb. 23. The exchange’s X account hasn’t been updated since May 2023. On its official Telegram channel, BitForex users reported problems with their accounts, varying from the inability to enter their accounts to the dashboard not showing any assets. Several users shared a pop-up screen showing they are blocked from accessing the company’s website. BitForex was once considered to be one of the leading crypto exchanges in terms of market capitalization.

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