Fact-check findings
What an automated fact-checker found when it re-read Bitforex against the sources the page cites. Only the most recent review is shown.
These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #5[unverifiable][awaiting moderator]in section: February 2024 Exit Scam: On-Chain Evidence
“Bitforex held approximately 18% of the total supply of Tellor (TRB) and approximately 7% of the Ecomi (OMI) token supply.”
reviewerBitforex held ~18% of TRB supply and ~7% of OMI; OMI fell ~88%Not found in the DN Institute page; other cited sources (Decrypt, The Block, Halborn) were not individually checked.
partially supported
3 claimsThe cited evidence supports part of the claim but not all of it.
- #1[partially supported][awaiting moderator]in section: User Impact and Law Enforcement Response
“a Telegram group titled 'Scammed by BitForex' accumulated over 150 members”
reviewerA Telegram group for scammed users had over 150 membersThe cited DL News article gives almost 800 members for the affected-user channel, not 150. The $185,000 Solana loss and the Commercial Crime Bureau 'looking into' statement are confirmed. The 150 figure could not be matched to a fetched source. - #2[partially supported][awaiting moderator]in the timeline
“with trading and deposits remaining suspended permanently.”
reviewerBitforex announced withdrawals would reopen on July 24, 2024; trading and deposits suspended permanentlyDetention claim, KYC-only withdrawals and suspended trading/deposits are confirmed. The word 'permanently' overstates the source, and the July 24 date was not seen in the CoinDesk text (may be in the X post, which was not checked). - #3[partially supported][awaiting moderator]in section: Background and Operations
“Investigations by DL News found that the Hong Kong addresses provided by the exchange were virtual office services only, with the company never actually occupying physical premises at its listed locations.”
reviewerHong Kong addresses were virtual office services; Luo resident in Shenzhen; Bitforex unlicensed by SFCDL News says two of the registered HK addresses are virtual address services, not that all were or that the company never occupied premises. Shenzhen and SFC licence points are supported.
confirmed
2 claimsThe cited evidence supports the claim as written.
- #4[confirmed][no action needed]in section: February 2024 Exit Scam: On-Chain Evidence
“an initial test transaction of 0.01 ETH was followed by a 58-hour pause before the bulk transfers occurred on February 23”
reviewerOn-chain extraction of ~$56.5M with addresses, amounts, test transaction and 58-hour pauseAddresses and amounts match the DN Institute report exactly. - #6[confirmed][no action needed]in section: CEO Departure and Pre-Collapse Signals
“CEO Jason Luo resigned on January 31, 2024, offering no public explanation”
reviewerCEO Jason Luo resigned January 31, 2024Date confirmed by DN Institute; DL News (the cited source) does not give the exact date.