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$43 Million Gone: BingX Crypto Exchange Falls Victim To Major Hack

  • Singaporean bitcoin exchange BingX fell victim to a major hack, losing almost $43 million from its hot wallets.
  • The hack, one of the biggest crypto attacks this year, raises concerns about centralized exchange security.
  • BingX responded by activating emergency procedures, temporarily blocking withdrawals and moving assets to cold storage.
  • Critics call for more transparency from exchanges to prevent similar incidents in the future.

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