BingX Launches 'ShieldX' for Enhanced Cryptocurrency Security
BingX Restores Operations with Enhanced Security
BingX, a leading global cryptocurrency exchange, has fully restored its operational capabilities following a recent hot wallet incident. With deposits and withdrawals back to normal, BingX is introducing the "ShieldX" initiative to strengthen its security infrastructure.
Introducing 'ShieldX'
The "ShieldX" initiative includes an upgraded wallet firewall, designed to provide advanced protection against external threats, ensuring user asset safety. BingX has also collaborated with top security firms to implement round-the-clock monitoring and threat detection. This proactive approach aims to swiftly identify and address potential vulnerabilities.
Comprehensive Security Measures
BingX is set to undergo regular, rigorous security audits by independent agencies. Additionally, the platform is launching a hacker bounty program to reward security researchers who identify vulnerabilities. These measures underscore BingX's commitment to continuous security improvement.
Commitment to User Safety
With this new cybersecurity initiative, BingX reaffirms its leadership in the cryptocurrency space, prioritizing user safety. The exchange emphasizes its long-term commitment to transparency, resilience, and innovation amidst evolving cybersecurity challenges.
Swift Recovery and Future Outlook
Vivien Lin, Chief Product Officer, highlighted BingX's swift recovery and enhanced performance post-incident. The "ShieldX" launch signifies a crucial step in strengthening platform defenses. BingX focuses on ensuring a secure environment for users through continuous improvements and strategic partnerships.
About BingX
Founded in 2018, BingX serves over 10 million users globally. Offering a range of products, including spot and derivatives trading, BingX caters to all traders. In 2024, BingX became Chelsea FC's principal partner, marking its entry into the sports arena.
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