Blockchain security firm PeckShield has estimated that the recent hack on Chinese crypto exchange BingX resulted in losses of over $43 million. This estimate is based on the hacker's movements of stolen funds. The BingX hacker moved an additional $16.5 million worth of crypto seven hours after the initial hack, and currently holds around $5.3 million in ETH, $4.1 million in BNB, and $1.65 million in MATIC. PeckShield's report highlights the growing threat of cyberattacks on crypto exchanges. Exchanges hold large amounts of user funds, making them attractive targets for hackers. It is crucial for exchanges to implement robust security measures to protect their users' assets.