Singapore’s BingX Exchange Suspends Withdrawals After $43 Million Hack
Singapore-based crypto exchange BingX has been hacked for approximately $43 million, forcing the platform to suspend withdrawals as it investigates the attack. Security analysts from PeckShield say that the funds were drained in multiple tranches. The stolen funds include $13.25 million in Ethereum , $2.3 million worth of Binance Coin (BNB), and $4.4 million in Tether (USDT). Hacker Used Popular DEXs To Swap The Funds For Mostly ETH And BNB The first hack saw around $26 million exit the exchange’s hot wallet. Just a few hours later, the hackers took an additional $16.5 million. A Google Doc shared on X by PeckShield shows that more than 360 different altcoins were drained from BingX. Most of the crypto was swapped for mostly ETH and BNB through decentralized swap platforms such as Uniswap and Kyberswap, according to Etherscan data . As of 2:48 a.m. EST, the wallet linked to the hackers holds over $2 million ETH valued at $5,205,221.39. The wallet also holds 136 tokens wit...