The cryptocurrency exchange BingX announced the complete restoration of its operations and the launch of a new feature for protection against external threats.
The Singapore-based exchange BingX introduced the "ShieldX" initiative aimed at strengthening security following a recent major hack resulting in the loss of over $50 million in digital assets.
On October 24, the exchange announced in its blog the introduction of "ShieldX," which includes enhanced wallet protection, strengthened monitoring, and collaboration with leading cybersecurity firms. BingX also announced the launch of a vulnerability reward program, encouraging researchers to identify and report potential risks.
To maintain a high level of security, BingX stated it will undergo regular independent audits to minimize threats and strengthen user trust.
