**Newsletter: BingX Crypto Exchange Hacked**

- Singapore-based cryptocurrency exchange BingX lost more than $52 million in a suspected cyberattack on September 20.

- Initial reports indicated that $26.7 million was transferred from BingX to an Ethereum wallet.

- The total amount lost increased as more wallets were detected.

- Hakan Unal of Cyvers Alerts announced that the total loss has reached $52 million.

- BingX announced that it will cover the user losses with its own capital.

- Cyberattacks on centralized crypto exchanges in Asia are on the rise.