Sujal Jethwani

I Just had the call with BINGX TEAM! The end conclusion is 👇 ONE hot wallet hacked, but most of exchanges funds are in cold wallets 👇 Exchange will be responsible for hack. Users are not impacted.

I WILL KEEP YOU UPDATED

Few Questions and Answer about BINGX 1. Was bingX hacked? Singapore time on September 20, 4am the technical team detected the hacker attack and has taken timely measures. In order to ensure the safety of user assets, we have always adopted a layered asset management scheme, most of the assets are stored in the cold wallet, and the hot wallet assets only reserve a small amount of assets for user withdrawal needs, please rest assured. 2. Why should we suspend withdrawal? When is the withdrawal time open? In order to ensure the safety of users' assets, we are conducting an emergency inspection and reinforcement of the wallet service. During this period, we will conduct a case-by-case review of the withdrawal of coins. The arrival time may be slow, and we apologize for the inconvenience caused. Withdrawal speed will return to normal within 24 hours. 3. Why is there still asset transfer on the chain? Since the discovery of the hot wallet was hacked, we have been competing with hackers for time to transfer assets, so some of them are platform transfer records, most of the assets have been transferred to a safe place, and the remaining small number of assets have been centralized, which will also produce on-chain transfer records. 4. Is the user's bingX asset affected? Most of the platform assets are stored in cold wallets, and the impact of the attack is very limited, and the platform guarantees that the user's wallet assets will not be affected in the accident.

🚨 BingX Exchange Hacked

You need not to worry because User Assets are safe as they were stored in Cold Wallets. Deposits and Withdrawals are paused temporarily and will be restored within 24 hours.

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