On September 20th, Vivien Lin, Chief Product Officer of BingX, posted on the X platform, stating: "Around 4 am, our technical team detected abnormal network access and suspected that the BingX hot wallet was under a hacker attack. We immediately activated our emergency plan, including emergency asset transfer and suspension of withdrawals. Currently, BingX has suffered minor asset losses, with a small amount. The specific amount is being calculated. To compensate for this impact, the team is formulating a compensation plan, which will be announced later."

Vivien stated, "To protect user asset security, BingX has always adopted a multi-layered asset management scheme, with most assets stored in cold wallets, and only a small amount of assets reserved in hot wallets to meet user withdrawal needs. To ensure asset security, deposit and withdrawal processing times will be extended. We will conduct emergency inspections and reinforcement of wallet services. BingX sincerely apologizes for any inconvenience caused. Withdrawals will be processed within 24 hours."