New data from prominent blockchain security firm Cyvers reveals that a Singapore-based crypto exchange lost $52 million after being hacked.

BingX was the victim of a hack for more than $43 million. Its CEO said on X that the assets stolen were minor and any customer losses would be compensated. Crypto exchange BingX has been hacked for a "minor" amount of assets and the exchange plans to compensate users for any loss,

Crypto exchange BingX confirmed a security breach on Friday after detecting multiple "suspicious" outflows from one of its hot wallets.

Leading Singapore-based cryptocurrency exchange BingX witnessed a hack attack on its hot wallet, leading to significant fund loss.

Singapore-based crypto exchange BingX has been hacked for approximately $43 million, forcing the platform to suspend withdrawals as it investigates the attack. Security analysts from PeckShield say that the funds were drained in multiple tranches.