Cryptocurrency exchange BingX was reportedly hacked on September 20. According to on-chain data from tracking platform PeckShield, which revealed the hack, $43 million was stolen from the exploit on the platform in multiple installments.
Data shows that $13,25 million in Ethereum (ETH), $2,3 million in BNB, $4,4 million in Tether (USDT), among other tokens that were drained, were stolen from the BingX hack.
According to the platform, the first hack of the BingX exchange involved around US$26 million, and, subsequently, the criminals stole another US$16,5 million from the company.
“Another $16,5M worth of crypto was drained from BingX by 0x940362B46faf7DF48Af1c8989d809F50466B5fCA about 7 hours ago. The stolen funds are currently parked at 0x1Dd7dAf089C16856155FeFd7e2170966bb6b3AEE, totaling 5,3K $ETH, 4,1K $BNB, and 1,65M $MATIC,” PeckShield wrote.
Vivien Lien, CPO of BingX, commented on the incident, stating that “the total loss is minimal and manageable. This incident will not affect our ongoing business operations.” According to Lien, trading services will continue as normal. “Withdrawals and deposits are temporarily delayed and should be restored within 24 hours at the latest.”
Also during the exploit, in addition to stealing stablecoins, the criminals also took more than 360 different types of altcoins in the hack.
Data shared by the Etherscan platform revealed that most of the cryptocurrencies that were stolen in the exchange hack were exchanged for Ethereum and BNB tokens on decentralized exchanges (DEXs), such as Uniswap and Kyberswap.
Hackers in August Take $313 Million in Cryptocurrencies
In August, the cryptocurrency community was once again targeted by hackers, with losses estimated at around US$313,86 million spread across more than ten incidents, according to reports from PeckShield, a renowned blockchain security company.
This figure follows an alarming trend previously identified by TRM Labs, which pointed to a cumulative loss of over $1,3 billion in cryptocurrencies in the first half of 2024, a significant increase compared to $657 million in the same period last year.