BingX Chief Product Officer Vivien Lin: The platform is able to cover this loss

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On September 20, BingX Chief Product Officer Vivien Lin said in a transparency AMA that we will continue to conduct AMAs in the next few days and announce the latest progress in a timely manner. This morning, our security team discovered the abnormal withdrawals in time and took quick measures to prevent serious fund losses. In fact, most of our assets are in cold wallets, and the wallet attacked by hackers this time is our hot wallet. We are still calculating the specific amount of losses and have frozen some funds. Thank you to all the teams that helped during the investigation. There are many different rumors about the scale of the lost funds, but none of them are final, because many of the transfers this morning were made by our team to protect the funds in the hot wallet after the attack. Users' funds are completely safe, we will bear all user fund losses this time, and the platform has the ability to cover these losses.

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