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Cryptocurrency exchange BingX has admitted to 'abnormal access' to its hot wallet after initially claiming the incident was due to 'wallet maintenance'. The platform's handling of the situation has been criticized, with concerns raised about the safety of assets under its custody and reports of minor asset loss. This incident has reignited discussions about the importance of self-custody in the cryptocurrency space, with several voices advocating for users to maintain control over their own assets to avoid vulnerabilities associated with centralized exchanges (CEXs).

