Singapore-based crypto exchange BingX reports $43M hot wallet hack, suspends withdrawals/deposits temporarily.
BingX, a Singapore-based crypto exchange, reported a hack of its hot wallet, resulting in a loss of $43 million in assets, as confirmed by on-chain data. Despite this incident, Chief Product Officer Vivien Lien assured that the loss is manageable and will not affect business operations. Withdrawals and deposits are temporarily suspended but expected to resume within 24 hours, while trading services remain unaffected.
September 20, 2024
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