BitForex Capital (“BitForex”) is a digital asset exchange founded in 2017 by Jason Luo. The company is incorporated in Seychelles and maintains operational bases in Singapore and Hong Kong. In November 2020, BitForex was acquired by Cloud Ventures Holdings.

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Services Offered:

BitForex provides a range of services, including:

  • Over-the-counter (OTC) trading services
  • Spot trading
  • A non-fungible token (NFT) marketplace

Recent Developments:

In February 2024, BitForex experienced significant operational disruptions. The exchange’s website and trading applications became inaccessible, leading to concerns among users. Reports indicated that approximately $57 million in customer deposits were unaccounted for. Investigations revealed that BitForex’s operations were under scrutiny by authorities in Hong Kong and mainland China. Notably, Jason Luo had stepped down as CEO in January 2024, shortly before these events transpired.

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As of March 2024, the exchange remained non-operational, and efforts to contact former executives, including Jason Luo, were unsuccessful. Users and stakeholders are advised to exercise caution and stay informed through official channels regarding the status of BitForex.