⚠️ BingX Cryptocurrency Exchange Has Been Hacked
🔹 On September 20, 2024, hackers stole over $26 million worth of digital assets stored on the exchange's wallets by carrying out a cyberattack.
🔹 Every year, cryptocurrency exchanges face increasing numbers of hacker attacks. According to TRM Labs, in the first half of 2024 alone, hackers stole over $1.38 billion in cryptocurrency, more than double the amount from the same period last year. Exchanges that have been attacked include DMM Bitcoin, Ripple, and Kraken.
🔹 Continuous breaches and attacks on exchanges highlight existing vulnerabilities: errors in exchange smart contracts and compromised private keys that hackers gain access to.
🔹 In the light of these threats, we recommend staying vigilant and storing your digital assets with strong protection by using secure crypto wallets with enhanced security features—such as mnemonic phrases, passphrases, and cold wallets. Never share your mnemonic phrase with anyone, and do not store it on your smartphone.
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