Cryptocurrency exchange BingX has been hacked

The cryptocurrency exchange BingX has been hacked. According to PeckShield experts, the platform has lost more than $43.2 million.

Initially, analysts recorded a suspicious transaction of $13.6 million at this address. Later, PeckShield revised its estimate of potential damage, increasing it to $43.2 million.

Lookonchain experts also reported the incident. Their estimate generally coincides with the previous one, but does not take into account subsequent withdrawals from the wallet. Cyvers estimated the total losses at $52 million.

Later, the exchange's chief product officer Vivienne Lin commented on the situation. She confirmed the hack, but said that the losses were insignificant.