Wu said that the cryptocurrency exchange BitForex announced that it would reopen for users to withdraw assets, and other functions and services would be suspended. He also said that the Bitforex team was detained and investigated by the police in Jiangsu Province, China on February 23, 2024. This unexpected incident caused the platform to be inaccessible and users were unable to withdraw assets on the same day. Due to the sensitivity of the situation, it was not possible to provide timely notification to users.