BitForex Exchange Halts Operations, Freezing $56 Million Of User Funds and Sparking Investigation
• BitForex exchange abruptly ceased operations, leaving $56.5M of customer funds inaccessible • Withdrawals halted, account balances zeroed out; customers confused and complaining • Exchange allegedly deleting messages, blocking access, not communicating about issue • BitForex linked to previous controversies like faking trading volume, operating illegally • Incident sparked 88% crash in OMI token price, users reporting issues to regulators