On September 20, the cryptocurrency exchange BingX experienced a significant security breach, resulting in the theft of funds. In response to the attack, BingX immediately froze $10 million of the stolen assets. The exchange is working to restore full service, with an estimated 1-2 weeks timeline.
As part of its commitment to transparency and ensuring the rights of its users, BingX announced the launch of a 5 million USDT airdrop event. This airdrop is aimed at thanking customers for their support and patience during the incident. Eligible users can participate in the event to receive rewards.
A Sincere Thank You from BingX: 5 Million USDT Airdrop Giveaway!
Event Link: https://t.co/oBe8H9Ce6u
Announcement: https://t.co/7YZdxGbxOe
More details down below ⬇️
— BingX (@BingXOfficial) September 24, 2024
To qualify for the airdrop, users must meet several criteria:
- No withdrawal transactions or a net deposit balance of ≥ 0 during the airdrop period.
- Completion of KYC verification.
- A minimum asset holding of 10 USDT.
- A login between September 10, 2024, 00:00 and September 19, 2024, 23:59 (UTC+8).
The airdrop distribution will be based on a snapshot taken on September 20, 2024, at 00:00 (UTC+8). The statistics period for the airdrop runs from September 20 at 04:00 to September 25 at 24:00 (UTC+8), with distribution set to be completed within five days after this period.
BingX works closely with leading cybersecurity firms, including SlowMist and Chainalysis, to track and recover the stolen assets. The company remains dedicated to ensuring user safety and swiftly resolving the situation.
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