BingX Restores Select Crypto Withdrawals After $52M Hack
BingX, the popular cryptocurrency exchange, plans to restore withdrawals for selected digital currencies such as USDT, USDC, Bitcoin, Ethereum, Tron and Solana on September 21, 2024. This includes an emergency withdrawal due to a $52 million security breach. Hot wallet, this ad is done. BingX says it minimizes losses by keeping most of its customer assets in a cold storage system. The platform has blocked $10 million worth of stolen property and is working with other security companies. Those customers who requested to log out prior to the hacking event must do so again. The company assures its users about its financial stability.
