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Concerns arise as BitForex exchange suspends withdrawals and fails to communicate with its users. Additionally, MicroStrategy’s account experiences a security breach, leading to the dissemination of a phishing scam posing as an Ethereum token airdrop. Meanwhile, creditors of the defunct crypto hedge fund Three Arrows Capital (3AC) have until March to submit claims for dividend distribution.
BitForex, a Hong Kong-based crypto exchange, has temporarily halted withdrawals without explanation, following significant outflows of approximately $56 million before the suspension. Users report various issues with their accounts, including access restrictions and unresponsive dashboards.
MicroStrategy falls victim to a hacking incident where malicious links promoting a fake Ethereum-based MSTR token airdrop were posted from its account. Victims who clicked on the phishing links risked losing their tokens to attackers posing as legitimate entities.
Creditors of 3AC have a deadline until March 14 to file claims for potential dividend distribution, managed by the liquidation firm Teneo. Although the exact dividend amounts remain undisclosed, creditors are advised to submit their claims promptly to be considered for interim payments.
Former U.S. President Donald Trump has shifted his stance on Bitcoin, acknowledging its increasing popularity and stating his willingness to accept its existence. Despite previously criticizing Bitcoin and labeling it a scam during his presidency, Trump now recognizes its growing demand and considers it a phenomenon worth acknowledging.
Stay informed about these significant developments shaping the crypto landscape and influencing market dynamics.