Exchange record
BitForex
Hong Kong-linked centralized cryptocurrency exchange founded around 2017. BitForex became inaccessible and halted withdrawals in February 2024, was placed on Hong Kong's suspicious-platform alert list in March 2024, and later reopened only an asset-withdrawal system. As of April 2026, the platform reported continued withdrawal processing while trading and deposits remained unavailable.
Registry sequence
Key facts
URL handling
Summary
Hong Kong-linked centralized cryptocurrency exchange founded around 2017. BitForex became inaccessible and halted withdrawals in February 2024, was placed on Hong Kong's suspicious-platform alert list in March 2024, and later reopened only an asset-withdrawal system. As of April 2026, the platform reported continued withdrawal processing while trading and deposits remained 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.