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Blockchain forensics have linked the recent hacks of cryptocurrency exchanges BingX and Indodax to a single wallet address. Indodax suffered a loss of $22 million, including 25 BTC and $14 million in Ethereum, while BingX was compromised via the Binance Smart Chain, resulting in a $52 million loss. In response to the incident, BingX has fully restored its operational capacity and launched the 'ShieldX' initiative to enhance its platform's security. The exchange, which serves over 10 million users worldwide, announced that deposits and withdrawals are back to normal.
BINGX DEBUTS CYBERSECURITY INITIATIVE 'SHIELDX' AS IT RESTORES FULL OPERATIONS - @BingXOfficial, a cryptocurrency exchange with over 10 million users worldwide, has announced that it has restored full operations in terms of deposits and withdrawals, after a recent $52 million… https://t.co/VlvwuYAfZg https://t.co/O4XUpOtYye
📢JUST IN: @BingXOfficial UNVEILS 'SHIELDX' INITIATIVE AS IT RESTORES FULL OPERATIONS AFTER HACK
BingX has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, BingX is unveiling its new “ShieldX” initiative, a comprehensive plan aimed at enhancing the platform’s security…
