BingX has announced that normal operations have resumed at its troubled cryptocurrency exchange, although some users have highlighted unresolved issues related to the KOKO cryptocurrency.
According to Vivien Lin, Product Director at BingX, the digital asset trading platform has resolved most issues following last month’s hack. Lin stated that some chains have resumed support for deposits and withdrawals, with the platform having restored over 700 tokens since the September 20 incident.
At the end of September, hackers stole approximately $43 million in cryptocurrencies, including Ethereum (ETH) and Binance Coin (BNB), from BingX’s hot wallet. The Singapore-based exchange temporarily halted withdrawals to address the breach and promised full compensation to affected users. The company also relocated user assets to “safe locations,” a strategy aimed at preventing further losses, according to previous reports from crypto.news.
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While some users praised the team’s swift response in handling the security breach, others pointed to ongoing issues related to the KOKO token, issued by a project called Koala AI VIP. It remains unclear whether KOKO is associated with the AI content generator Koala AI.
Andraž Novljan, a member of the Koala AI VIP team, claimed that BingX has not responded to inquiries about the KOKO token or provided compensation for KOKO holders. Requests for comment on the matter sent by crypto.news remain unanswered at the time of publication.
The BingX attack was one of the largest exploits last month, with hackers stealing over $120 million from cryptocurrency protocols in September. A report by PeckShield noted that platforms like Penpie and Indodax were also targeted by cybercriminals.