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BingX Suspected of Hack as $26M in 360 Altcoins Drained

Sep 20, 2024, 01:38 AM

BingX, a cryptocurrency exchange, is suspected of being hacked, resulting in a significant outflow of assets. Reports indicate that more than $26 million worth of 360 altcoins, including $USDT, $WUSD, $USDC, $BTCB, and $ZRO, have been transferred to suspicious wallets, including '0xF7e8,' and exchanged for ETH and BNB. Some of the stolen funds were sent to Kyberswap. BingX initially claimed the activity was due to 'wallet maintenance,' but the scale of the outflow suggests a security breach. Users are advised to follow official channels for updates and consider removing their funds from the platform.