BingX Suspected of Hack, $26M in Crypto Assets Stolen from Two Hot Wallets

Sep 20, 2024, 02:12 AM

BingX, a cryptocurrency exchange, is suspected of being hacked, resulting in the loss of approximately $26 million. The stolen assets, which include over 360 altcoins, were transferred to a hacker's address and subsequently swapped for Ethereum (ETH) and Binance Coin (BNB). The incident has caused confusion among users, with BingX initially referring to the event as 'wallet maintenance'. The funds were moved across multiple EVM platforms, and the hacker has already exchanged most of the stolen assets. The attack exploited two hot wallets, transferring a total of 396 tokens worth over $43.3 million.