Vilnius, Lithuanian, October 24th, 2024,
Chainwire
BingX, a global leading cryptocurrency exchange, has
fully restored its operational capacity following a recent hot
wallet incident, with all deposits and withdrawals back to normal.
In response to the event, BingX is unveiling its new "ShieldX"
initiative, a comprehensive plan aimed at enhancing the platform's
security infrastructure.
"ShieldX" introduces an upgraded wallet firewall designed to
provide advanced protection against external threats, further
safeguarding user assets. BingX has also partnered with leading
third-party security firms to implement extra round-the-clock
monitoring and threat detection, ensuring any vulnerabilities are
identified and addressed swiftly and proactively.
In addition to enhanced firewalls and partnerships, BingX will
undergo regular, rigorous security audits conducted by independent
security agencies. The exchange is also rolling out a new hacker
bounty program, offering rewards to security researchers who help
identify potential vulnerabilities, reinforcing its dedication to
continuous improvement.
Utilizing its new cybersecurity initiative, BingX is reaffirming
its position as a leader in the cryptocurrency space by putting
user safety at the forefront. This initiative not only enhances
security but also emphasizes the exchange's long-term commitment to
transparency, resilience, and innovation in the face of evolving
cybersecurity challenges.
Vivien Lin, Chief Product Officer at BingX,
emphasized the importance of the platform's swift recovery and
ongoing commitment to user security. "We are pleased to confirm our
platform has not only returned to standard operations but the
platform has also been thoroughly enhanced to a higher performance
level than before the incident. BingX's quick response highlights
our dedication to safeguarding user assets, with trust, efficiency,
and transparency at the heart of our approach. The launch of
'ShieldX' marks a crucial step in proactively strengthening our
platform's defenses," Lin said. "Our priority remains ensuring a
secure environment for all users through continuous improvements
and strategic partnerships. Furthermore, we are committed to
collaborating with industry leaders to drive higher security
standards across the crypto ecosystem."
About BingX
Founded in 2018, BingX is a leading
cryptocurrency exchange serving over 10 million users worldwide.
BingX offers diversified products and services, including spot,
derivatives, copy trading, and asset management – all designed for
the evolving needs of users, from beginners to professionals. BingX
is committed to providing a trustworthy platform that empowers
users with innovative tools and features to elevate their trading
proficiency. In 2024, BingX proudly became Chelsea FC's principal
partner, marking an exciting debut in the world of sports.
For media inquiries, users can contact: media@bingx.com
For more information users can visit: https://bingx.com/
Contact
BingX
Media
media@bingx.com