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
Is Ethereum Preparing to Rise from the Ashes? Whales Expect These Levels in ETH in March!
Nansen research analyst Nicolai Sondergaard said that Ethereum options traders are showing a bullish bias.
QCP Insights: Bitcoin Dominance Hits 60% as Altcoins Struggle Amid Market Stagnation
Best Wallet (BEST) Soars Past $10 Million in Its Fast Growing ICO
LIBRA token key figure Hayden Davis denies rug pull allegations, blames 'plan gone wrong'
Trending news
MoreCrypto prices
More
