TechFlow news, on October 24, cryptocurrency trading platform BingX fully restored its operations following a recent hot wallet incident, with all deposits and withdrawals now back to normal.
In response to the incident, BingX has launched a new "ShieldX" initiative—an integrated program designed to strengthen the platform's security infrastructure. ShieldX introduces an upgraded wallet firewall aimed at providing advanced protection against external threats, further safeguarding user assets. BingX has also partnered with leading third-party security firms to implement additional round-the-clock monitoring and threat detection, ensuring rapid and proactive identification and resolution of any vulnerabilities.
Earlier reports indicated that on September 20, cryptocurrency exchange BingX was attacked, with security firms estimating the total stolen assets exceeding $43 million.
