Attention crypto enthusiasts! 🚀

- Singapore-based cryptocurrency exchange BingX has suffered a hack that has resulted in an estimated $52 million in losses, double what was initially reported.

- Blockchain security firm PeckShield identified an Ethereum wallet linked to the attack, receiving $26.7 million in assets.

- BingX says it will cover all user losses from its own capital and has frozen $1 million of the stolen funds.

What do you think about exchange security? Leave us your comment!