đš #BingX Exchange Hacked: $43M Lost!
đ„·On September 20, hackers breached the hot wallet of crypto #exchange BingX, leading to potential losses exceeding $43 million.
đ”ïžââïž Analysts from PeckShield report that the majority of stolen funds were drained from Ethereum and #BNBChainâĄïž networks, impacting others like Arbitrum, Polygon, and Avalanche.
đ In total, the attackers stole 5,300 $ETH , 4,100 $BNB , and 1.65 million MATIC. Withdrawals have been halted, and users are urged to revoke approvals for active smart contracts to prevent further losses.
BingX reassures users that most assets are stored in cold wallets, with only a minimal amount in hot wallets. The exchange plans to resume withdrawals within 24 hours and is developing a compensation strategy for affected users.đ€
