BingX Returns To Normal Operations After Being Hit By Hacking Attacks

The BingX crypto exchange was hampered by hacking attacks but is now operating normally again. (Photo; Doc. Karar)

JAKARTA After experiencing problems due to cyber attacks that robbed crypto assets worth Rp682 billion, the BingX crypto exchange is now operating normally again. The hacking incident that occurred last September forced the crypto exchange platform to temporarily suspend its services to conduct a thorough investigation and improve the security system.

As part of efforts to restore user confidence, BingX has completed a security audit conducted by independent parties. The results of this audit were then followed up with the launch of a new security initiative called ShieldX.

ShieldX is designed to strengthen the BingX defense, especially in the most vulnerable part, namely the user's digital wallet. With more advanced firewall technology, ShieldX is expected to be able to prevent similar attacks from happening in the future.

"We are aware that the safety of user assets is a top priority," said Vivien Lin, BingX's Chief Product Officer. "Therefore, we are not only repairing the existing damage, but also proactive in building stronger security systems."

In addition to ShieldX, BingX is also collaborating with blockchain specialist cybersecurity companies to monitor their platform 24 hours non-stop. Not only that, BingX also opens up opportunities for white hat hackers to help identify weaknesses in their system. For those who managed to find a security gap, BingX offers cash or bounty prizes as a form of appreciation.

Cyberattacks that befell BingX have been one of the many attacks that have occurred in the crypto industry in recent months. This situation shows the importance of strengthening security systems, especially in the field of digital assets. With the steps that BingX has taken, it is hoped that it can be an example for other crypto platforms in the face of increasingly massive and complex cyber threats.