PANews reported on September 20 that according to Cyvers Alerts monitoring, as of 13:44 today, the estimated losses caused by the hacker attack on the cryptocurrency exchange BingX have exceeded $52 million. According to Cointelegraph, Hakan Unal, senior security operations director of Cyvers Alerts, said: "Our threat intelligence system aggregates the total losses on all chains and comes up with a more comprehensive loss estimate of $52 million."

BingX downplayed the significance of the incident, saying the cyberattack only caused "minor" losses. "All user losses caused by this hack will be fully borne by BingX's own funds," said product head Vesper Lin in a statement. Lin added that as of this writing, the security company has assisted in freezing approximately $1 million in stolen funds. BingX is still calculating its total losses.