The Singapore-based crypto exchange says the new security initiative dubbed “ShieldX” will help prevent future exploits and better safeguard user assets.
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Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half.
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Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.
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