BingX hacker swaps $27M in crypto assets for ETH

On-chain data analysis platform Spot On Chain reported on X that the suspected hacker of BingX Exchange has swapped $27 million worth of crypto assets for ETH in the past five hours. The hacker’s address now holds 7,172 ETH ($17.58 million) and 11,467 BNB ($6.44 million). Meanwhile, BingX is undergoing temporary maintenance of its wallet system, during which withdrawals and other services are suspended.