**Crypto Exchange BingX to Resume Withdrawals After Hack**
BingX, a well-known cryptocurrency exchange, has announced that withdrawal services will resume on September 21, 2024, for key digital assets like USDT, USDC, BTC, ETH, TRX, and SOL. Other tokens will follow over the next two weeks. Deposits will also be reactivated soon.
The exchange faced a hack on September 20, with losses initially deemed minor but later confirmed at $52 million. BingX's Chief Product Officer, Vivien Lin, assured that most funds were protected in cold storage and $10 million in stolen funds have been frozen. The exchange is collaborating with security firms to recover the remaining assets. Lin emphasized BingX's strong reserves and six-year track record to reassure users.