On the night of September 19, 2024, the BingX crypto exchange was hacked, resulting in the loss of a significant amount of assets.
According to preliminary estimates, the total losses amounted to more than $43 million. The hackers withdrew significant amounts of various cryptocurrencies, including $13.25 million in Ethereum and $2.3 million in BNB.
Key facts:
Confirmation of hack: The company confirmed the incident and announced that withdrawals were suspended pending investigation.
Security Measures: In response to the attack, the exchange took emergency measures, including transferring the remaining assets to secure wallets.
Reaction: BingX Chief Product Officer Vivienne Lin said users' assets are safe and all lost funds will be refunded.
