Crypto exchange BingX hacked for $43 million

2024-9-20 11:45

BingX was hacked early Friday, Sept. 20, with $43 million in cryptocurrencies stolen from the exchange’s hot wallet. Hacker stole ETH, BNB, USDT and over 300 other coins and tokens. On-chain data shows the attacker quickly swapped most of the assets for Ethereum and BNB.

BingX has been hacked, with the security breach resulting in the draining $43 million from the Singapore-based cryptocurrency exchange’s hot wallet.

Blockchain security firm PeckShield reported on the exploit early Friday.

Etherscan data indicates that of the $43 million stolen, over $13.2 million ETH, more than $2.3 million BNB, and more than $4.4 million USDT. The hacker also drained BingX’s hot wallet of 360 other coins – with these swapped into ETH and BNB at decentralized exchanges including Uniswap and KyberSwap.

BingX suspends withdrawals

Vivien Lin, the chief executive officer of BingX, confirmed the incident via an update posted on X.

Lin noted that the exchange’s technical team detected the breach around 4:00 am on Sept. 20, identifying an “abnormal network access.” The BingX security team immediately initiated the platform’s emergency plans, including urgently transferring assets from the hot wallet and halting withdrawals.

“To ensure security, withdrawals have been temporarily suspended while we conduct an emergency inspection and strengthen wallet services. We sincerely apologize for the inconvenience. Withdrawals will be restored within 24 hours at the latest,” Lin added.

The BingX CEO also assured users that the exchange is safe.

Q3: Is the platform still safe?
Answer: The platform is operating normally, and you can continue trading, using grid strategies, and financial services as usual. Only the wallet is currently under maintenance. Your funds are safe, so please be patient while the wallet…

— Vivien Lin @ BingX (@Vivien_BingX) September 20, 2024

According to BingX, the losses are “only minor” and that most of the users’ funds are in cold storage.

One of the biggest exploits on a crypto exchange in 2024 happened in July when hackers stole over $230 million from India-based cryptocurrency exchange WazirX. The attacker has managed to launder most of the funds, the latest being $6.5 million sent to Tornado Cash.

The post Crypto exchange BingX hacked for $43 million appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

million bnb bingx exchange hacked tokens coins

Источник: coinjournal.net

million bnb → Результатов: 126


Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program

Binance has launched the BUIDL Reward Program in an attempt to attract greater dApp development on the Binance Smart Chain. Binance has invested $5 million worth of BNB into the project. This is part of Binance’s bigger venture — a $100 million injection into a DeFi accelerator fund that aims to connect DeFi with centralized […] The post Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program appeared first on BeInCrypto.

2020-10-5 01:00


Фото:

Crypto Price Analysis April 16: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

In the early hours of April 16, the BTC price reached a low of $6,461. However, it immediately reversed its trend and has reached a high of $7,147 within the same day. This increase could have been caused by the printing of $120 million Tether (USDT), which occurred slightly prior to the price beginning its […] The post Crypto Price Analysis April 16: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-4-17 19:15


Binance DEX Adds BNB/BUSD Trading Pair, Burns $36.7 million worth of Binance Coin

The decentralized exchange rolled on by crypto exchange giant Binance earlier this year is now offering it's clients a new service to purchase and sell Binance’s new USD-pegged stablecoin with BNB. On Oct 17, on its official Twitter platform, Binance DEX announced a new listing on its platform, BNB/BUSD Trading Pair. the pairing means that […]

2019-10-18 00:06


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ronin suffers $9.8 million exploit, pauses bridge

Ronin Network pauses bridge after $9. 8 million exploit. Initital updates suggest it may be a white hat hacker. Ronin, the blockchain network for games and which powers the Axie Infinity game, has announced that its pausing its bridge.

WOOFi confirms $8.75 million exploit on its Arbitrum market

WOOFi has released a post-mortem report confirming an $8. 75 million exploit on its lending market on Arbitrum. The decentralized exchange has offered a 10% whitehat bounty to the attacker. Decentralized exchange WOOFi suffered an $8.

Sky Mavis co-founder’s wallets hit in $9.7M ETH exploit

Jeffrey Zirlin said the hack compromised two of his personal wallets. The breach reportedly did not impact Ronin chain’s validation or operational aspects. Jeffrey Zirlin, co-founder of Sky Mavis, has confirmed that a hacker has compromised two of his personal wallets.

DEX protocol KyberSwap hacked for $47 million

Decentralized exchange (DEX) protocol KyberSwap has been hacked for $47 million. The attacker drained $20 million in WETH, $4 million ARB and $7 million wstETH.   KNC price fell to $0. 72 while TVL plunged to $13.