đš Security Breach Alert: Hackers Steal $43M from BingX â ïž
On September 20, 2024, BingX, a leading Singapore-based crypto exchange, faced a massive attack when hackers breached their hot wallet, stealing approximately $43 million in assets. đš
Verified by cybersecurity firm PeckShield, the scale of the breach underscores the ongoing risks in the crypto space. In response, BingX swiftly moved remaining assets to cold storage and paused all withdrawals to limit the damage. đ
The exchange reassured users that most assets remain secure in cold wallets, with only a small portion affected. BingX is fully committed to compensating impacted users and expects to restore withdrawals within 24 hours. Their quick action demonstrates a strong commitment to user safety amidst this crisis. đĄïž
This breach serves as a reminder of the ever-present security risks in crypto, but BingXâs response shows their focus on protecting users. Stay vigilant and keep your assets secure! đŒ
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