BingX’s Suspected Hack: ‘Minor’ Loss Now Estimated at $52 Million

In a stunning revelation, BingX’s initial claim of a ‘minor’ loss due to a suspected hack has been significantly revised upwards. The cryptocurrency exchange now estimates the stolen funds to be a staggering $52 million, raising serious concerns about the security of user funds. Despite the substantial breach, BingX assures its users that withdrawals and deposits will be fully restored within 24 hours. This incident has ignited debate within the crypto community about the vulnerabilities of centralized exchanges and the potential for future attacks. Stay tuned for further updates as this situation continues to unfold.