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Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained
Hacker have moved the stolen assets to decentralized exchanges.
By Sam Reynolds
BingX was the victim of a hack for more than $43 million.
The firms' chief product officer said on X that the assets stolen were minor and any customer losses would be compensated.
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 other being drained.
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