PANews reported on July 20 that according to CoinDesk, the crypto exchage BitForex said that it will reopen withdrawal services after a five-month suspension due to an investigation, but trading and deposits will continue to be suspended, and customers need to complete KYC verification to withdraw cash. It is reported that the exchange has been out of service since February this year. Users were unable to withdraw money and access the website, leading to a warning from the Hong Kong Securities and Futures Commission (SFC). BitForex said that after returning assets to users, it will stop all operations and conduct "comprehensive rectification."
Crypto exchage BitForex reopens withdrawals after 5-month hiatus
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