A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange. Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was abruptly halted, leaving users puzzled without any official communication or notice from the exchange. Seeing some suspicious activity with the crypto exchange @bitforexcom. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having
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June 11, 2019 – As with the preceding project, BitForex Turbo’s MYO token sale concludes within minutes on opening. In mid-April, BitForex launched their first project on Turbo, a platform aimed at highlighting noteworthy blockchain projects for the community to participate in with a fair distribution system. Now, following the initial successes, BitForex Turbo sells out the first round of the Mycro MYO token sale in just over 13 minutes. Another round of this token sale will be starting on June 11th at 21:00 GMT+8, giving users an additional opportunity to secure tokens from this project at a competitive price. 
OCTOBER 22, 2018 — LOS ANGELES — Xsolla, which provides game developers with a comprehensive suite of flexible tools and services to help launch, monetize and scale their games globally, today started accepting made-for-gaming cryptocurrency — MobileGO (MGO) — for its PC and mobile games partners.
You might not have traded on Fcoin or Bitforex, but you’ve probably heard their names mentioned in crypto trading circles. These exchanges are at the forefront of a relatively new business model known as transaction fee – or trans-fee – mining. While innovative, the token model deployed by these platforms is not without its controversies. […]
Coinmarketcap (CMC), the web’s most popular cryptocurrency tracker website, has responded to accusations that it is implicit in supporting wash trading. This week, a platform called Crypto Exchange Ranks published detailed allegations of how CMC incentivizes exchanges to report fake volume. In a new blog post, Coinmarketcap has detailed its determination to support “transparency and […]
Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of […]