🚹 Breaking News: Crypto Exchange BingX Hacked for $43 Million 🚹

BingX, a popular cryptocurrency exchange, has fallen victim to a significant hack, losing over $43 million in multiple tranches. Despite the hefty sum, CEO Vivien Lien assures users that the stolen assets are "minor" and any customer losses will be compensated.

- **Details of the Hack:**

- $13.25M in Ether

- $2.3M in BNB

- $4.4M in USDT

- Plus over 360 different altcoins

- **CEO's Statement:**

- "This incident will not affect our ongoing business operations."

- Trading continues as usual, with temporary delays in withdrawals and deposits.

- **On-Chain Data:**

- Hackers swapped most stolen crypto for ETH and BNB on DEXs like Uniswap and Kyberswap.

- The hacker's wallet still holds over 1,000 ETH and tokens worth $5M.

What are your thoughts on this breach? Share in the comments! 💬