Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained

Crypto exchange BingX has been hacked for a "minor" amount of assets and the exchange plans to compensate users for any loss, the firm's chief product officer (CPO) said in a message on X. On-chain data suggests nearly $43 million was stolen from the exchange in multiple tranches, with $13.25 million ether, $2.3 million BNB, $4.4 million USDT, among others being drained. The first hack was for approximately $26 million, while a few hours afterward, hackers took an additional $16.5 million from the exchange. "The total loss is minimal and manageable. This incident will not affect our ongoing business operations," BingX CPO Vivien Lien said on X.

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