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Cryptocurrency exchange BingX has resumed full operations after a recent security breach and introduced a new security system, ShieldX, aimed at strengthening protection for its users. 

This announcement follows an earlier incident in 2024 when the platform experienced a cyberattack that led to a temporary suspension of services.

While BingX did not share extensive details about the breach at the time, it implemented emergency responses to contain the impact and launched an investigation.

Now, the launch of ShieldX focuses on offering additional security features, including multi-layered encryption and real-time threat detection. The system is designed to help safeguard both institutional and retail users from potential threats within the platform.

Vivien Lin, Chief Product Officer at BingX, stated that the ShieldX initiative comes as part of efforts to address the increasing risks in the crypto industry. Lin further stated: “The launch of ‘ShieldX’ marks a crucial 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 committed to collaborating with industry leaders to drive higher security standards across the crypto ecosystem.”

BingX’s security measures come at a time when the industry is facing multiple challenges related to cybersecurity, and the exchange aims to strengthen its position in a competitive environment. All services have now been fully restored, allowing users to continue trading under the new security enhancements.