BingX was the victim of a cyberattack that caused more than $43 million in damages.
The company's CEO told X that the amount of stolen assets was insignificant and any customer losses would be compensated.
Cryptocurrency exchange BingX has been hacked and a “small” amount of assets have been stolen, and the exchange plans to compensate users for any losses, the company’s CEO said in a message on X.
On-chain data shows that nearly $43 million was stolen from the exchange in multiple batches, including $13.25 million in ether, $2.3 million in BNB, $4.4 million in USDT, and many other coins that were withdrawn.
#PeckShieldAlert Another $16.5M worth of crypto was withdrawn from#BingXby 0x940362B46faf7DF48Af1c8989d809F50466B5fCA approximately 7 hours ago. The stolen funds are currently deposited at 0x1Dd7dAf089C16856155FeFd7e2170966bb6b3AEE, totaling $5.3K in ETH, $4.1K in BNB, and $1.65M in MATIC. We…
— PeckShieldAlert (@PeckShieldAlert) September 20, 2024
The first attack took about $26 million, and hours later, hackers took another $16.5 million from the exchange.
“The total damage is minimal and manageable. This incident will not impact our ongoing business operations,” BingX CEO Vivien Lien said on X. “Trading services continue as normal. Withdrawals and deposits are temporarily delayed and are expected to be restored within 24 hours at the latest.”
In addition to stablecoins, hackers stole more than 360 different altcoins.
Data from Etherscan shows that the majority of the stolen crypto was swapped into ETH and BNB at DEXs like Uniswap and Kyberswap.
As of press time, the wallet involved in the attack, which Etherscan says received the bulk of the funds from the BingX hot wallet, had over 1,000 ether and tokens worth $5 million.
#Write2Win #BinanceTurns7 #TopCoinsJune2024 #HackerAlert #hacker $BTC $ETH $BNB
