<\/p>\n
A top Hong Kong-based crypto exchange has halted withdrawals on its platform after over $56 million was taken out of its wallets last week.<\/p>\n
According to on-chain investigator ZachXBT<\/a>, BitForex engaged in some \u201csuspicious activity\u201d last week.<\/p>\n \u201cSeeing some suspicious activity with the crypto exchange BitForex.<\/em><\/p>\n On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having been made since.\u201d<\/em><\/p>\n According to ZachXBT, BitForex users are not having their inquiries answered by officials on BitForex\u2019s X and Telegram. Furthermore, BitForex\u2019s CEO stepped down last month.<\/p>\n According to ZachXBT, BitForex holds a significant supply of two altcoins \u2013 Tellor Tributes (TRB<\/a>) and ECOMI (OMI<\/a>).<\/p>\n \u201cBitforex holds 18% of the TRB supply and 7% of the OMI supply.<\/em>\u201c<\/em><\/p>\n Tellor Tributes is a decentralized oracle and a system that miners on the Ethereum (ETH<\/a>) network can use to fetch external data and place it on-chain for access by smart contracts. The TRB token is used as a means of payment and in the governance of the protocol.<\/p>\n OMI is the native utility token on the VeVe digital collectible platform. OMI tokens are the native medium of exchange on the ECOMI digital collectible platform.<\/p>\n BitForex has yet to release a statement about the claims at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A top Hong Kong-based crypto exchange has halted withdrawals on its platform after over $56 million was taken out of its wallets last week. According to on-chain investigator ZachXBT, BitForex engaged in some \u201csuspicious activity\u201d last week. \u201cSeeing some suspicious activity with the crypto exchange BitForex. On Feb 23 their hot wallets saw outflows of […]<\/p>\n","protected":false},"author":2,"featured_media":254755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-254754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=254754"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254754\/revisions"}],"predecessor-version":[{"id":254757,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254754\/revisions\/254757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/254755"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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