BingX, a well-known cryptocurrency exchange, is planning to return withdrawals for chosen digital currencies like USDT, USDC, Bitcoin, Ethereum, Tron and Solana on September 21, 2024. In the wake of a $52 million security breach involving strange withdrawals from a hot wallet, this announcement was made. BingX stated that most of its client assets were retained in a cold storage system hence reducing losses. The platform has frozen $10 million of stolen property while more is being worked on with some security companies. Those customers who had requested for their withdrawals before the hacking incident have to do it again. The company assured its users about their financial stability.
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
