PANews reported on September 20 that Vivien Lin, BingX Chief Product Officer and head of BingX Labs, wrote that at around 4 a.m. on September 20, the BingX technical team detected abnormal network access and suspected that it was hacked, involving the BingX hot wallet. The team immediately launched an emergency plan to transfer assets and suspend withdrawals. This incident resulted in a small amount of asset losses, and the specific amount is still being calculated.
To protect user assets, BingX adopts a hierarchical management system, with most assets stored in cold wallets and only a small amount stored in hot wallets for withdrawal. Currently, the team is conducting emergency inspections and service reinforcement, and withdrawals will be resumed within 24 hours.
