BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal.
In response to the event, BingX is unveiling its new ‘ShieldX’ initiative, a comprehensive plan aimed at enhancing the platform’s security infrastructure.
ShieldX introduces an upgraded wallet firewall designed to provide advanced protection against external threats, further safeguarding user assets.
BingX has also partnered with leading third-party security firms to implement extra round-the-clock monitoring and threat detection, ensuring any vulnerabilities are identified and addressed swiftly and proactively.
In addition to enhanced firewalls and partnerships, BingX will undergo regular, rigorous security audits conducted by independent security agencies.
The exchange is also rolling out a new hacker bounty program, offering rewards to security researchers who help identify potential vulnerabilities, reinforcing its dedication to continuous improvement.
Utilizing its new cybersecurity initiative, BingX is reaffirming its position as a leader in the cryptocurrency space by putting user safety at the forefront.
This initiative not only enhances security but also emphasizes the exchange’s long-term commitment to transparency, resilience and innovation in the face of evolving cybersecurity challenges.
Emphasizing the importance of the platform’s swift recovery and ongoing commitment to user security, Vivien Lin, chief product officer at BingX, said,
“We are pleased to confirm our platform has not only returned to standard operations but the platform has also been thoroughly enhanced to a higher performance level than before the incident.
“BingX’s quick response highlights our dedication to safeguarding user assets, with trust, efficiency and transparency at the heart of our approach.
“The launch of ShieldX marks a crucial step in proactively strengthening our platform’s defenses.
“Our priority remains ensuring a secure environment for all users through continuous improvements and strategic partnerships.
“Furthermore, we are committed to collaborating with industry leaders to drive higher security standards across the crypto ecosystem.”
About BingX
Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide.
BingX offers diversified products and services, including spot, derivatives, copy trading and asset management – all designed for the evolving needs of users, from beginners to professionals.
BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency.
In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.
For more information, users can visit the website.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
October 24, 2024 – Vilnius, Lithuania BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, BingX is unveiling its new ‘ShieldX’ initiative, a comprehensive plan aimed at enhancing the platform’s security infrastructure. ShieldX
The post BingX Restores Full Operations and Unveils ShieldX for Enhanced Security appeared first on The Daily Hodl. Press Releases, sponsored
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 