What happened
BitForex exchange exit scammed with suspicious outflows of approximately 56,500,000 USD across multiple blockchains.
BitForex, a cryptocurrency exchange, shut down access to its platform after a suspicious outflow of approximately 56,500,000 USD across several blockchains. Users attempting to log in are blocked by CloudFlare's DDoS protection service. The exchange stopped processing withdrawals and has not been responding to customer support inquiries.
The outflows appear to be an exit scam rather than an external attack. The funds were received from multiple addresses in BitForex's hot wallets, most of the funds were on the Ethereum chain, in the TRB tokens, and remain in wallets as of Feb 29,2024.
Funds Holder as of Feb 29, 2024:
- Ethereum: https://etherscan.io/address/0xdCaCd7EB…1fC01F
- Bitcoin: https://blockstream.info/address/3DbbF7yxCR7ni94ANrRkfV12rJoxrmo1o2
- TRON: https://tronscan.org/#/address/TQcnqaU4NDTR86eA4FZneeKfJMiQi7i76o
Malicious Transactions:
Ethereum: https://etherscan.io/tx/0x1c81e61d…c08a99
https://etherscan.io/tx/0xb1ef6176…544753
Bitcoin: https://blockstream.info/tx/47fcf20f582d6d8529be7e781940ecb8faf6357a897c4ec0b770cfa5df77d100
TRON: https://tronscan.org/#/transaction/5544ba78bf21106b0e740dadb4fa0269aa56d80668124513decef26d28280930
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
- analysis Web Archive archive.ph
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