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
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
