Cyvers in the News

Bingx Hit With $52 Million Hack, Lazarus Group Suspected

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Asian cryptocurrency exchange Bingx confirmed on Sept. 20 that a hacking attack forced them to suspend withdrawals. While the company claimed “minor asset loss,” ^{security firm Cyvers estimated total losses at approximately $52 million}

Explaining the higher loss estimate,^{Hakan Unal, Senior Security Operations Lead at Cyvers} , cited a more comprehensive analysis of the incident across all affected chains which led to a “more accurate estimate of the $52 million loss.”

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.