Incident All ledgers
BingX: $43.3m
BingX lost $43.3m on 20 September 2024. Ranked 80th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 20 September 2024
- Lost
- $43.3m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Key Compromise
- Method
- Hot Wallet Key Compromised
- Chains
- Ethereum
On September 20, 2024, attackers bypassed access controls on BingX hot wallets and drained about $43M across two transactions, taking ETH, BNB, USDT and hundreds of altcoins. BingX pledged to reimburse users from its reserves.
Against the ledger
- It ranks 80th of the 1,272 incidents with a known loss, and 8th in 2024.
- It accounts for 34.9% of the $123.9m in known losses in September 2024.
- 153 incidents in the ledger are classified as Key Compromise, for $8.96bn in total. This one is 0.5% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 14 Aug 2025 | BtcTurk | $48.0m | CEX | Hot Wallet Key Compromised | — |
| 19 Jul 2025 | CoinDCX | $44.2m | CEX | Hot Wallet Key Compromised | — |
| 04 Sept 2023 | Stake.com | $41.3m | Other | Hot Wallet Key Compromised | — |
| 31 Jan 2026 | Step Finance | $40.0m | DeFi Protocol | Private Key Compromised | — |
| 07 May 2019 | Binance | $40.0m | CEX | Hot Wallet Key Compromised | — |
All failures in 2024 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “BingX, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/bingx-2024-09-20/. How this is built