cryptonewss

Last night, hackers breached one of BingX's hot wallets and stole tokens worth a total of $30 million.

The exchange reports that:

They will compensate for the loss from their own funds.
This incident will not affect the exchange’s operations, and deposits and withdrawals will resume soon.
User funds are safe.
I didn’t panic or withdraw anything since the damage, in terms of the exchange's size, is relatively small.

However, this incident is yet another reminder that the majority of deposits should be kept in cold wallets.