Cryptocurrencies of the Week: HMSTR ether crash drama, Kamala Harris on cryptocurrencies and artificial intelligence, BingX hack
BingX was hacked for $42 million, but has promised to reimburse all affected users.
The Hamster Kombat #Token Release (HMSTR) sparked anger from players due to mass disqualification.
This week, Kamala Harris showed her support for #cryptocurrencies and artificial intelligence innovation.
This week brought shocks and events to the #cryptocurrency sector: the $42 million BingX hack shook the market and raised questions about the security vulnerabilities of major exchanges. At the same time, the controversial release of Hamster Combat caused outrage as millions of players were unable to obtain tokens.
These events highlighted the prospects and dangers of an industry that continues to evolve and attract the attention of regulators and innovators.
September 20, cryptocurrency exchange BingX was hacked. The incident resulted in the loss of more than $42 million in #digital assets.
The hack initially revealed suspicious transactions totaling $13.6 million, but as the investigation progressed, the losses increased to $26 million and eventually reached $42 million.
The stolen assets included various cryptocurrencies, including USDT 4.44 million ($4.4 million), WUSD 1 million ($1 million), USDC 608,660 ($608,660) and BTCB $9.38 ($590,000). PeckShield and other security experts confirmed that the attackers transferred funds to a wallet address identified as '0xF7e8'. Chain data also showed that the attacker immediately exchanged the stolen funds for Ethereum (ETH) and BNB.
Despite the heavy losses, Vivian Lin, BingX's Chief Product Officer, assured users that the company will cover the entire amount from its capital reserves.
Our technical team suspected a hacker attack on the BingX hot wallet and detected unusual access to the network.
After the incident, BingX has resumed operations.
This week, U. S.
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