BingX suffers a $42 million hack, adding to a series of crypto security breaches this week
BingX, a prominent crypto exchange, has suffered a $42 million attack, leading to the theft of more than 360 cryptocurrencies, which were subsequently exchanged for Ethereum and Binance Coin. The breach was initially identified by the blockchain security company PeckShield. The total misappropriated assets comprised stablecoins such as USDT, USDC, WUSD, Bitcoin, and several other tokens. Vivien Lin, Chief Product Officer of BingX, confirmed the breach and assured users that