Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.
The Singapore-based crypto exchange BingX has confirmed it suffered “minor asset loss” after the crypto community noticed a wealth of “suspicious” outflows from one of its hot wallets.
BingX chief product officer Vivien Lin said in a Sept. 20 X post that the BingX technical team “detected abnormal network access” at around 4 am Singapore time and suspected a “hacker attack on BingX’s hot wallet.”
“We immediately started our emergency plan, including the urgent transfer of assets and withdraw suspension,” Lin added. “There has been minor asset loss, but the amount is small and still being calculated.”
