ZachXBT: Bitforex hot wallet experienced approximately $56.5 million in outflows
ZachXBT, a detective on the chain, pointed out that about $56.5 million flowed out of Bitforex's hot wallet and shortly thereafter, withdrawal processing was stopped without an official announcement. Users are currently asking questions on Telegram, trying to get a response from the team. Interestingly, their CEO resigned a month ago. In addition, Bitforex holds 18% of TRB supply and 7% of OMI supply. ZachXBT suggests monitoring several specific wallet addresses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] Bitget to list Permacast (PWT) in the AI zone
Bitget's announcement on SWARM price abnormality and compensation plan
Notice of Delisting 2 Spot Trading Pairs on August 28, 2026
Bitget to Adjust CFD Leverage During Special Trading Periods in the Fourth Week of August 2026
Crypto prices
More
