As a seasoned researcher with a knack for following the digital dance of blockchain and cryptocurrencies, I must admit that BingX’s resilience in the face of adversity is nothing short of impressive. The swift restoration of services post-hack speaks volumes about their commitment to their users and the industry at large.
After a major hack in September that led to the loss of more than $43 million worth of different cryptocurrencies, BingX exchange is now back up and running, fully resuming its operations.
The deposit and withdrawal functions are now back online, and BingX assures its users that their money is secure. For added protection, they’ve introduced a robust cybersecurity system called ShieldX.
BingX Exchange Restores Full Operations
In a recent statement, BingX has confirmed that they have resumed regular business activities after experiencing a cyberattack on their hot wallet system in September. This incident resulted in the theft of numerous stablecoins like USDT, USDC, and WUSD, which were later converted into Ethereum and Binance Coin. In total, the perpetrators walked away with over $43 million worth of approximately 360 different altcoins.
BingX has pledged to reimburse every affected user from its own resources, giving assurance that all assets will be restored.
Following a complete restoration of both deposit and withdrawal functions, the system now operates as usual again. Rapid recovery, along with the introduction of enhanced security features, seeks to rebuild confidence among users within the platform.
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2024-10-24 15:15