{"id":137598,"date":"2024-09-20T19:00:34","date_gmt":"2024-09-20T16:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137598"},"modified":"2024-09-20T12:28:39","modified_gmt":"2024-09-20T09:28:39","slug":"crypto-exchange-investigates-potential-security-breach-affecting-hot-wallet","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-exchange-investigates-potential-security-breach-affecting-hot-wallet\/","title":{"rendered":"Crypto Exchange Investigates Potential Security Breach Affecting Hot Wallet"},"content":{"rendered":"<p>Vivien Lin, the Chief Product Officer, <strong><a href=\"https:\/\/x.com\/BingXOfficial\/status\/1836938477570773470?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836940851873992845%7Ctwgr%5Ede4b71ce821a9dff42db1440ce68557291e11f70%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fbingx-crypto-exchange-hacked%2F\">shared<\/a><\/strong> that the exchange&#8217;s tech team detected unusual network activity early in the morning Singapore time, prompting immediate action.<\/p>\n<p>In response, BingX quickly transferred assets and suspended withdrawals, acknowledging a &#8220;minor asset loss&#8221; while still assessing the full impact.<\/p>\n<p>Lin reassured users that the majority of funds are secured in cold wallets, with only a small amount in hot wallets for transactions. Withdrawals are temporarily halted for security checks, with a goal to resume them within 24 hours.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/wazirx-hack-sees-12-million-in-stolen-ethereum-laundered\/\" title=\"WazirX Hack Sees $12 Million in Stolen Ethereum Laundered\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/crypto-wazirx-wallet-1-1200x628-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">WazirX Hack Sees $12 Million in Stolen Ethereum Laundered<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The exchange is formulating a compensation plan for affected users, although specific details about the breach remain vague. Users have voiced concerns, especially those whose withdrawal requests were pending prior to the incident.<\/p>\n<p>Analysts have noted suspicious activity linked to Kyberswap, but the full scope of the breach and funds involved are still under investigation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BingX, a cryptocurrency exchange, has alerted users to a possible security breach involving its hot wallet, leading to the activation of emergency protocols.<\/p>\n","protected":false},"author":3,"featured_media":37080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-137598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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