BingX restored deposit and withdrawal services, recovering over 700 tokens after the $43 million hot wallet hack.
BingX’s quick actions protected most assets through cold wallets, ensuring minimal damage after the security breach.
After suffering a massive security breach in its hot wallet on September 20, as we previously covered, big crypto exchange BingX has effectively restored its operations.
The hack claimed overall losses of more than $43 million. Nonetheless, the exchange’s fast response has resulted in the recovery of more than 700 tokens; all deposit and withdrawal operations are currently back to normal.
Vivien Lin, Head of BingX Labs and Chief Product Officer of BingX, claims that the recovery has been quick and successful. In a statement, Lin said:
“The majority of chains have successfully restored deposit and withdrawal services, and over 700 tokens have been recovered as of today. All operations have returned to normal.”
She added that they will continue to optim

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