Huge Security Attack , Hacker steal $43 millions..
On September 20, 2024, BingX, a Singapore-based cryptocurrency exchange, suffered a major security breach when hackers targeted their hot wallet, stealing around $43 million in assets. The cybersecurity firm PeckShield verified the magnitude of the breach, highlighting the severity of the incident. In response, BingXâs technical team immediately transferred remaining assets to cold storage and halted all withdrawal operations to contain any further losses.
The exchange reassured its users that the vast majority of assets are safe in cold wallets, with only a small fraction being impacted by the hack. BingX has committed to fully compensating those affected and aims to restore withdrawal services within 24 hours. This attack highlights the persistent security threats facing cryptocurrency platforms, but BingX's prompt response showcases its commitment to protecting its users' funds.
As security concerns continue to challenge the crypto industry, BingX's decisive actions reflect their readiness to address threats while prioritizing the safety of their community.
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