BingX Restores Select Crypto Withdrawals After $52M Hack

BingX, a well-known cryptocurrency , is planning to return withdrawals for chosen like , USDC, , , and on September 21, 2024. In the wake of a $52 million breach involving strange withdrawals from a hot , 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 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.

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