Cryptocurrency exchange BingX has fallen victim to a significant hacking attack, resulting in the loss of approximately $43 million. CEO Vivien Lien assured users that their losses would be compensated and that the incident would not impact the exchange’s operations. Reports indicate that the hackers stole $13.25 million in Ethereum (ETH) 
$2,308, $2.3 million in BNB, and $4.4 million in Tether (USDT) along with various other altcoins from exchange accounts.
Details of the Attack and Amount Stolen
The initial breach resulted in a loss of approximately $26 million. A few hours later, hackers stole an additional $16.5 million, bringing the total loss to $43 million. During the attack, hackers accessed over 360 different cryptocurrencies.
BingX CEO Addresses the Hacking Incident
Lien emphasized that the hacking incident would not disrupt the exchange’s overall operations. “The total loss is minimal and manageable. These attacks will not affect our business operations,” she reassured users.
She also mentioned that trading activities on the exchange would continue seamlessly, though users might experience temporary delays in deposits and withdrawals, which are expected to normalize within 24 hours. Following the incident, the exchange announced plans to compensate users for their losses and began enhancing security measures. BingX aims to retain user trust through swift actions and transparent communication after the hack.
