#BingX hot wallet suffered a security breach, losing $43 million

The hot wallet of Singapore cryptocurrency exchange BingX suffered a security breach, losing up to $43 million. PeckShield analysts pointed out that most of the stolen funds had been transferred in multiple batches. BingX said that the incident was identified in the early morning of September 20, and the technical team immediately launched an emergency plan to suspend withdrawals and transfer assets. The exchange promised to reopen withdrawals within 24 hours and provide users with a compensation plan. What do you think of the impact of this incident on the market? Welcome to discuss in the comments section!