The world's leading cryptocurrency exchange BingX has fully resumed normal operations after the recent hot wallet incident, and all recharge and withdrawal functions have been restored. In response to this incident, BingX has officially launched a new "ShieldX" plan aimed at comprehensively strengthening the platform's security infrastructure.

ShieldX has introduced an upgraded wallet firewall that provides advanced protection against external threats, further ensuring the security of users' assets. BingX also collaborates with leading third-party security agencies to add 24/7 monitoring and threat detection mechanisms, ensuring that any potential vulnerabilities can be quickly and proactively identified and resolved.

In addition to strengthening firewalls and establishing partnerships, BingX will also undergo rigorous security audits regularly conducted by independent security agencies. At the same time, the platform will also launch a new hacker bounty program, providing rewards to security researchers who assist in identifying potential vulnerabilities, further strengthening their commitment to continuous improvement.

Through this new cybersecurity plan, BingX has once again established its leadership position in the cryptocurrency field, always prioritizing user security. This move not only enhances platform security, but also highlights the exchange's long-term commitment to transparency, resilience, and continuous innovation in addressing evolving cybersecurity challenges.

Vivien Lin, Chief Product Officer of BingX, emphasized the importance of the platform quickly resuming operations and continuously ensuring user safety.

She said:

We confirm that the platform has resumed normal operations and, after comprehensive strengthening, has reached the operational standards before the incident. BingX's rapid response demonstrates our commitment to protecting user assets. Our core values are trust, efficiency, and transparency. The launch of 'ShieldX' marks an important step forward for us in actively strengthening platform defense.

Lin stated:

Our top priority remains to create a secure trading environment for all users through continuous improvement and strategic cooperation. In addition, we are committed to collaborating with industry leaders to improve the security standards of the entire cryptocurrency ecosystem.

About BingX

BingX was founded in 2018 and is a leading global cryptocurrency exchange, providing diversified products and services such as spot, derivative, copy, and asset management to over 10 million users worldwide. At the same time, it also regularly provides mainstream currency analysis tools such as Bitcoin and Ethereum trends to meet the needs of beginners to professionals at different levels. Meet the needs of beginners to professionals at different levels. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to enhance their trading capabilities. In 2024, BingX proudly became the main partner of Chelsea Football Club, marking its first exciting debut in the sports world.

This article is provided by the official and does not represent the position or investment advice of our website. Readers must make their own careful evaluations.

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