Shocking Crypto Theft at BingX! How Did Hackers Breach Their Hot Wallet?

TL;DR Massive Breach: Hackers exploited a vulnerability in BingX’s hot wallet, stealing $52 million worth of digital assets, primarily Ethereum (ETH) and Binance Coin (BNB). Swift Response: BingX suspended withdrawals and assured users that it would cover the stolen assets from its own reserves. Most assets remain secure in cold wallets. Security Concerns: This incident highlights ...... source: https://crypto-economy.com/shocking-crypto-theft-at-bingx-how-did-hackers-breach-their-hot-wallet/