BingX Unveils New ‘ShieldX’ Initiative to Enhance Platform Security

Vilnius, Lithuania – October 24, 2024

In response to recent events, BingX is introducing its innovative ‘ShieldX’ initiative, a comprehensive plan aimed at strengthening the security infrastructure of its platform.

The ShieldX initiative incorporates an upgraded wallet firewall that provides advanced protection against external threats, ensuring the safety of user assets.

To further enhance security measures, BingX has partnered with leading third-party security firms to implement round-the-clock monitoring and threat detection, swiftly addressing any vulnerabilities.

In addition to fortified firewalls and strategic partnerships, BingX will undergo regular and rigorous security audits conducted by independent agencies.

To encourage the identification of potential vulnerabilities, BingX is launching a new hacker bounty program that rewards security researchers who assist in strengthening the platform’s defenses. This initiative demonstrates BingX’s commitment to continuous improvement.

By utilizing this new cybersecurity initiative, BingX solidifies its position as a frontrunner in the cryptocurrency industry, prioritizing user safety above all else.

This initiative not only bolsters security but also emphasizes BingX’s long-term dedication to transparency, resilience, and innovation in the face of evolving cybersecurity challenges.

Vivien Lin, Chief Product Officer at BingX, emphasizes the platform’s swift recovery and ongoing commitment to user security, stating, “We are delighted to announce that our platform has not only returned to normal operations but has also been significantly enhanced to perform even better than before the incident. BingX’s prompt response showcases our commitment to protecting user assets, with trust, efficiency, and transparency as our guiding principles. The launch of ShieldX is a vital step in proactively strengthening our platform’s defenses. Our priority remains ensuring a secure environment for all users through continuous improvements and strategic partnerships. Furthermore, we are dedicated to collaborating with industry leaders to establish higher security standards across the crypto ecosystem.”

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange with a user base of over 10 million worldwide. BingX offers a wide range of products and services, including spot trading, derivatives, copy trading, and asset management, catering to the diverse needs of users, from beginners to professionals. BingX is committed to providing a reliable platform that empowers users with innovative tools and features to enhance their trading skills. In 2024, BingX proudly became the principal partner of Chelsea FC, marking its exciting entry into the world of sports.

For more information, please visit the BingX website.

Contact:
BingX Media

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