đš Breaking Crypto News! đš
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. đ±
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! đŹ