BingX Restores Full Operations and Launches "ShieldX" for Enhanced Security Measures

BingX Restores Operations

Vilnius, Lithuanian, October 24th, 2024 – BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity after a recent hot wallet incident. All deposits and withdrawals are now back to normal.

Introducing "ShieldX" for Enhanced Security

In response to the recent event, BingX is unveiling its new “ShieldX” initiative, aimed at enhancing the platform’s security infrastructure.

• ShieldX introduces an upgraded wallet firewall designed to provide advanced protection against external threats, safeguarding user assets.
• BingX has partnered with leading third-party security firms for 24/7 monitoring and threat detection.
• Regular security audits will be conducted by independent agencies, ensuring swift identification of vulnerabilities.
• A new hacker bounty program will reward security researchers for identifying potential security issues.

BingX is reaffirming its leadership in the cryptocurrency space through the implementation of ShieldX. This initiative not only enhances security but also highlights the exchange's long-term commitment to transparency and innovation.

Statements from Leadership

Vivien Lin, Chief Product Officer at BingX, stressed the significance of the platform's recovery and commitment to user security, stating, “Our platform has not just returned to standard operations but has been enhanced to a higher performance level than before the incident.” BingX's swift response underlines its dedication to user asset protection and security standards. Lin added, “We are focused on ensuring a secure environment for all users.”