BingX Attacked or Withdrawals Reopened After Maintenance?

On Sep 20, 2024

Earlier today, several crypto users pointed out suspicious activity on the crypto exchange BingX, leading them to think the exchange has been compromised. However, the ‘suspicious draining’ of amounts could also be a result of withdrawals being opened after maintenance of the exchange.

Web3 Antivirus firm, De.Fi Antivirus Web3, warned users of a possible attack on BingX in a post, “Reportedly, BingX CEX is exploited, and huge funds are being transferred out from its hot wallets. Over $20,000,000 is estimated loss over different chains so far”.

Apparently, $13 Million has been drained in 0xF7e..3326, $2.3 Million has been drained in 0x719..FEd6 and $5.4 Million in 0x940..B5fCA.

PSA: @BingXOfficial may be under attack or exploited – if you use BingX follow official channels now for action.
Suspicious wallets sending all kinds of crypto to Kyberswap is :
0xF7e8033366166f92eb477B7B38e0D47d47b43326
0x940362B46faf7DF48Af1c8989d809F50466B5fCA… pic.twitter.com/dX7YU4jgBm
— MartyParty (@martypartymusic) September 20, 2024

As soon as the news started spreading like wildfire, some users pulled up an announcement by BingX on ‘Temporary Wallet Maintenance’. As per the notice, “Due to temporary maintenance of the wallet system, there may be a delay in the crediting time of deposits and withdrawals during the maintenance.” As a result, the exchange has ensured users with restoration within 24 hours and issued an advisory for withdrawing and depositing later.

Note that BingX has not specifically clarified on the attack claims yet.

Also Read: ZachXBT Unveils $243M Crypto Heist Stolen in Social Engineering Attack