PANews reported on September 20 that according to the latest announcement from BingX, at around 4 a.m. on September 20, Singapore time, the BingX technical team discovered abnormal network access and suspected that the hot wallet had been hacked. The platform has launched an emergency response plan to transfer assets and suspend withdrawals. It has been confirmed that there is a slight loss of assets, the specific amount is still being calculated, and the platform will bear the loss in full.
To protect user assets, BingX adopts hierarchical management, and most assets are stored in cold wallets. To ensure safety, the time for deposits and withdrawals will be extended. The platform is conducting emergency inspections and reinforcements on wallet services, and withdrawals will be resumed within 24 hours.
