Krutika Adani
Peckshield revealed that BingX was hacked for $26 million, which later turned out to be $41 million worth of crypto. Attackers drained a hot wallet belonging to the exchange.
BingX CPO Vivien Lin responded to the hack and disclosed on her X.com handle that the exchange had suffered a hack but did not state any figures for the losses.
The exchange officials said that the hack resulted in a minor loss, with most of the assets safe in a cold storage vault.
Several crypto users slammed the exchange on X.com, asking it to disclose losses and urging it to better safeguard customer assets.
Though the exchange claims to have suffered minimal losses, the recent CEX wallet hacks, including WazirX, have threatened user confidence in them.