BingX's Hot Wallet Hacked; Withdrawals Temporarily Suspended

  • A hot wallet of Singapore-based exchange BingX got hacked on Friday morning.

  • Exchange confirms a minor loss of assets, and the amount is yet to be confirmed.

  • Following the attack, withdrawals were temporarily suspended, and assets were transferred.

BingX, a Singapore-based crypto exchange, confirmed that one of its hot wallets was hacked on Friday morning. The chief product officer, Vivien Lin, stated that the technical team detected suspicious activity around 4 AM on September 20. Lin noted that the loss was minor, as only a small amount was stored in the hot wallet. She added that following the cyberattack, withdrawals have been temporarily suspended, and assets have been transferred. Lin stated that an emergency inspection is being conducted to strengthen wallet services and asserted that the withdrawals would be restored within 24 hours at the earliest.

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