BingX Chief Product Officer Vivien Lin wrote on the X platform: "Around 4 am, the technical team detected abnormal network access and suspected that BingX hot wallet had been hacked. They immediately launched emergency plans, including emergency transfer of assets, suspension of withdrawal, etc. At present, a small amount of assets have been lost, but the amount is not large and is still being counted. In order to protect user assets, we use a hierarchical management system. Most assets are stored in cold wallets, and only a very small amount of assets are stored in hot wallets for withdrawal. To ensure safety, we are conducting emergency inspections and strengthening wallet services, and temporarily stop withdrawing. We apologize for the inconvenience caused to you. Withdrawals will resume within 24 hours at the latest. "