$43 Million Stolen in Attack on Crypto Exchange BingX

Crypto exchange BingX lost a “small” amount of assets in the attack and plans to compensate affected users for their losses, the firm’s CEO has announced.

On-chain data shows that approximately $43 million was stolen from the exchange over multiple time periods, including $13.25 million in ether, $2.3 million in BNB, and $4.4 million in USDT.

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In the first attack, $26 million was stolen, and in the second attack, which took place a few hours later, $16.5 million was stolen.

BingX CEO Vivien Lien said in a statement: “We can say that the total loss is minimal and bearable. This attack will not affect our ongoing business operations, our operations continue as usual. Only withdrawals and deposits may be delayed for a while.”

Data from Etherscan shows that over 360 altcoins were seized, with most of them being traded for ETH and BNB on DEXs like Uniswap and Kyberswap.