On September 20th, Vivien Lin, Chief Product Officer of BingX, posted that around 4:00 AM today, the BingX technical team detected abnormal network access, suspecting a hack on BingX's hot wallet. They immediately activated an emergency plan, including emergency asset transfer and suspension of withdrawals.

There are currently a small number of assets lost, but the amount is small and is still being counted. At the same time, BingX is developing a compensation plan, which will be announced later.