🚹 Breaking Crypto News! 🚹

BingX, a Singapore-based crypto exchange, has temporarily halted withdrawals after a suspected hacker attack on its hot wallet. Blockchain analysts estimate losses could exceed $40 million. đŸ˜±

Key Points:

- Attack detected at 4 a.m. Singapore time on Sept. 20.

- Emergency plan activated; assets moved to secure locations.

- Most assets in cold wallets, unaffected by the breach.

- Blockchain firm PeckShield estimates losses at $43 million.

- BingX assures full compensation and expects withdrawals to resume within 24 hours.

What are your thoughts on this incident? Share in the comments! 💬