Dear BitForex users,
Due to malicious trading behavior detected on F7/USDT market, BitForex suspended Five(F7)'s deposit, withdrawal, and trading service on August 7th 2021.
The results of the investigation and the decision are published below:
The malicious trading behavior was due to the dumping of 160 million F7 tokens by an account, which caused a sharp drop in the F7/USDT market price.
BitForex, as a centralized trading platform, aims to provide its users with a good trading experience without interfering with the normal free market trading. However, this malicious trading behavior has seriously damaged the trading market environment and in order to avoid further losses to its users, BitForex has decided to officially delist the Five7(F7) token and F7/USDT pairs.
BitForex has resumed the withdrawal service of Five7(F7) token, Please notice that F7 assets holders are required to withdraw their F7 assets to a supported wallet or platform as soon as possible. the withdrawal service of F7 will be permanently closed on September 10, 2021 at 15:00 (GMT+8).
BitForex will consider delisting a project when any of the following conditions are present:
- Inactive trading market.
- The project owner requests to be delisted.
- The project is concealing, fraudulent or malicious damage to the trading market.
- The project has suffered a major technical security incident or there are major technical security risks.
- The project has changed contracts, upgraded its mainnet, changed its token mechanism, etc., but has not informed the trading platform in time.
If you are the assets holder of the delisting project, please pay attention to the official news of the project, be informed of the latest news, and arrange follow-up process to avoid losses.
We apologize for the inconvenience. Thanks for your support!