Cyvers in the News

BingX ‘minor’ loss in suspected hack climbs to $52M

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“As more wallets are identified, the total loss grows. Initial estimates, like $13 million, were likely incomplete, but updates from forensics firms, now reporting figures like $43 million, show a clearer picture,”^{Hakan Unal, senior security operations lead at Cyvers Alerts, told Cointelegraph.}

Crypto Exchange BingX Hit by Hack That Drained at Least $27m (1)

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^{Cyvers , which provides security services for crypto firms}, estimated that some $52 million worth of crypto was lost to the hackers, after discovering additional wallets that have been compromised.

Singapore Crypto Exchange BingX Suffers Hot Wallet Exploit, Over $52M Reportedly Stolen

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The attack affected several blockchains, with ^{Cyvers Alerts estimating a total loss of over $52 million.}

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^{Cyvers Alerts later updated the loss figure, indicating that the total now exceeds $52 million, with most of the stolen assets being swapped.} The affected chains include Ethereum, BNBChain, BASE, Optimism, Polygon, Arbitrum, and Avalanche.