The Good Tech Companies - BingX Restores Full Operations And Unveils "ShieldX" For Enhanced Security

Episode Date: October 24, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bingx-restores-full-operations-and-unveils-shieldx-for-enhanced-security. In addition to enhanced firewalls and partnerships, BingX will undergo regular, rigorous security audits conducted by independent security agencies. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bingx, #chainwire, #press-release, #crypto-exchange, #crypto-adoption, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident. In response to the event, BingX is unveiling its new "ShieldX" initiative, a comprehensive plan aimed at enhancing the platform's security infrastructure. The exchange is also rolling out a new hacker bounty program, offering rewards to security researchers who help identify potential vulnerabilities.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Binx restores full operations and unveils ShieldX for enhanced security. By Chainwire, Vilnius, Lithuanian, October 24, 2024, Chainwire, Binx, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, Binx is unveiling its new ShieldX initiative, a comprehensive plan aimed at enhancing the platform's security infrastructure. ShieldX introduces an upgraded wallet firewall designed to provide advanced protection against external threats, further safeguarding user assets.

Binx has also partnered with leading third-party security firms to implement extra round-the-clock monitoring and threat detection, ensuring any vulnerabilities are identified and addressed swiftly and proactively. In addition to enhanced firewalls and partnerships, Binx will undergo regular, rigorous security audits conducted by independent security agencies. The exchange is also rolling out a new hacker bounty program, offering rewards to security researchers who help identify potential vulnerabilities, reinforcing its dedication to continuous improvement. Utilizing its new cybersecurity initiative, Binx is reaffirming its position ASA leader in the cryptocurrency space by putting user safety at the forefront. This initiative not only enhances security but also emphasizes the exchange's long-term commitment to transparency, resilience, and innovation in the face of evolving cybersecurity

challenges. Vivian Lin, Chief Product Officer at Binx, emphasized the importance of the platform's swift recovery and ongoing commitment to user security. Greater than. We are pleased to confirm our platform has not only returned to standard greater than operations but the platform has also been thoroughly enhanced to a higher greater than performance level than before the incident. Binx's quick response highlights greater than our dedication to safeguarding user assets with trust, efficiency, and greater than transparency at the heart of our approach. The launch of ShieldX marks a greater-than-crucial step in proactively strengthening our platform's defenses, Lin said. Greater-than-greater-than, greater-than, our priority remains ensuring a secure environment for all users through greater-than-continuous improvements and

strategic partnerships. Furthermore, we are greater-than-committed to collaborating with industry leaders to drive higher security greater than standards across the crypto ecosystem. Greater than greater than, about BinGX founded in 2018, Binx is a leading cryptocurrency exchange serving over 10 million users worldwide. Binx offers diversified products and services, including spot, derivatives, copy trading, and asset management, all designed for the evolving needs of users, from beginners to professionals. Binx is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, Binx proudly became Chelsea FC's principal partner, marking an exciting debut in the world of sports.

For media inquiries, users can contact media at binks.com For more information users can visit https colon slash slash binks.com slash contact binks media media at binks.com Tip This story was distributed as a release by Chainwire under HackerNoons business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.