Exchange record
BitForex
Hong Kong-linked centralized cryptocurrency exchange founded around 2017. BitForex halted withdrawals and became inaccessible in February 2024 after large wallet outflows and alleged police detention of team members. Hong Kong's SFC warned the public about suspected virtual asset fraud involving BitForex in March 2024. BitForex later said it would reopen only for withdrawals, with trading and deposits remaining unavailable.
Registry sequence
Key facts
URL handling
Summary
Hong Kong-linked centralized cryptocurrency exchange founded around 2017. BitForex halted withdrawals and became inaccessible in February 2024 after large wallet outflows and alleged police detention of team members. Hong Kong's SFC warned the public about suspected virtual asset fraud involving BitForex in March 2024. BitForex later said it would reopen only for withdrawals, with trading and deposits remaining unavailable.
Timeline
Exchange tracker and company materials describe BitForex as a centralized exchange founded around 2017 and active by 2018.
BitForex users were unable to withdraw or access the platform after large hot-wallet outflows and a period of no communication from the exchange.
Hong Kong's Securities and Futures Commission warned the public about suspected virtual asset fraud involving BitForex and placed BitForex on its Suspicious Virtual Asset Trading Platforms Alert List.
BitForex said it would reopen for withdrawal applications after a five-month outage, while trading, deposits, and other services remained unavailable or subject to closure.