Data: Cyvers Alerts: BingX Hack Attack Losses Exceed $52 Million
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September 20, 2024
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BingX Hack Estimated at Over $52 Million
According to ChainCatcher, Cyvers Alerts estimates that the recent hack on cryptocurrency exchange BingX has resulted in losses exceeding $52 million as of 1:44 PM today.
BingX's Chief Product Officer, Vesper Lin, stated in a release that "all user losses resulting from this hack will be fully covered by BingX's own funds." It has been reported that security firms have assisted in freezing approximately $1 million of the stolen funds. BingX is still calculating its total losses.
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