BingX, a well-known cryptocurrency exchange, has announced the resumption of withdrawal services on September 21, 2024, for specific digital assets. Initially, withdrawals for USDT, USDC, BTC, ETH, TRX, and SOL will be available, followed by other tokens over the next two weeks. Customers were informed that previous withdrawal requests were canceled and must be resubmitted. The exchange's chief product officer, Vivien Lin, mentioned that cold storage helped mitigate monetary losses from a recent hack, with $10 million in stolen funds already frozen. BingX is collaborating with security firms to investigate the incident and recover funds. Lin assured customers that potential losses would be covered by the exchange's reserves, highlighting BingX's reputable six-year history. Recent hacks in the crypto space, including Delta Prime and Ethena, have raised concerns about cybersecurity in the industry. Read more AI-generated news on: https://app.chaingpt.org/news