BitForex users suspect the exchange of stealing funds due to the shutdown of the MFG market
July 31, i.e. just 13 days after the start of trading, the BitForex crypto exchange froze trading in the MFG token and has not made any announcements about this since then. Now there is no token on the platform, and the exchange may still hold some of the deposit funds, which is why users began to suspect it of their misappropriation. Writes about this Cryptovest.
BitForex recently promised that it will add several new tokens to its listing – deposits and withdrawals for most of them are still open. However, there is currently no MFG asset on it. Two weeks have passed since its freezing, and neither BitForex, nor SyncFab, which issued this token, have not announced when MFG trading will resume or whether it will resume at all. SyncFab refers to a problem of unknown nature with its smart contract.
One way or another, you can watch the activity of the MFG token on Etherscan. There is no MFG rate on CoinMarketCap, but the Etherscan page of the token says it has a value of $ 0.0059. Other tokens traded on BitForex also cannot boast a high rate or capitalization..
It is curious that the exchange offers deposits for different tokens, but not all of them are active and are searched for placing orders. Only a handful of cryptocurrencies listed on the exchange boast active markets. At the moment, the most active is the BTC market with a daily trading volume of $ 2.68 billion. In the statistics of CoinMarketCap, the value is not taken into account, and some even consider this data to be falsified.
Now the exchange has disabled placing orders for some tokens. For example, the order form is not available for the No Bullshit Crypto Token (NOBS), a crypto asset that was recently distributed via an airdrop and came to the BitForex exchange for liquidity. The same problem applies to some other tokens..