PANews reported on July 24 that the cryptocurrency exchange BitForex announced that its official website will be launched and open for withdrawal applications at 20:00 (GMT+8) on July 24, 2024.

The exchange has been reportedly out of service since February this year. Users were unable to withdraw funds and access the website, leading to a warning from the Hong Kong Securities and Futures Commission (SFC). Over the weekend, BitForex said it would reopen withdrawal services after a five-month outage.