How would you feel if you woke up one day and discovered that your favourite crypto exchange was hacked, but as luck would have it, your funds are still intact? This is what users of the Singapore-based crypto exchange BingX experienced as they suffered from a security breach that cost the company a cool $43 million. Equally entertaining was the news received from Solana Mobile, which launched its second phone Seeker, whereas Rexas Finance (RXS) managed to raise a jaw-dropping $1.25 million in presale. Now let us take a closer look at these headlines and understand what is happening.
BingX Hacked: $43M Converted to Ethereum, Binance Coin and Polygon
One fine Friday, which was rather common, BingX made a shocking post on X turning most recall, Twitter, and announced that a security breach had occurred on their platform. While most of us were out and about fighting the heat and enjoying the sights of the city, a cybercriminal spent his time hacking the assets of BingX and managed to get off with $43 million from their servers. Most of the assets that were laundered were in the form of cryptocurrencies, the most popular being Ethereum (ETH), Binance Coin (BNB), and Polygon (MATIC). At first, BingX assessed the damage due to the hack to be around $26.8 million. However, following the investigation by blockchain security expert company PeckShield, it was discovered that an extra $16.5 million had been syphoned off, bringing the loss up to a total of $43 million. Actions were swift on the part of BingX, freezing the other assets that were resting in cold wallets out of reach of the hackers. The company calmed the customers, saying that it was impossible to lose their funds and those who suffered any losses would be fully reimbursed. Although it was a setback, the attack on BingX was not catastrophic as there was no risk of sustenance loss to online hackers since the greatest amount of BingX assets was mostly safe within cold wallets. Though the event is certainly a headache for BingX, they have promised that they will aim at improving their security in the future as they have promised to take lessons from the incident. Now, let’s move on to something that will perhaps interest the crypto domain leakers even more — the latest tech aspect offered by Solana
Solana’s Seeker: A Preview and Launch of a Potential Game Changer
Solana Mobile has quite recently launched the Saga phone and now plans to bring forth the Seeker mobile phone in 2025 which is their second mobile phone. For these two groups of people which are the techies and the crypto contemporaries, this is not simply another smartphone, but a sophisticated device that is meant to combine the usage of blockchain technology with the day to day activities. Included with the extensive NFT collections will further be a wallet that has been developed in partnership with SolFlare, enabling users to store and manage their Solana tokens. But wait – there’s an even cooler feature? This wallet will allow using your thumbprint when accessing Solana Mobile’s seed vault that this wallet is on. Bye-bye to password anxiety! Now, if you happen to be the type who loves inspiring and useful dAPPS such as Seeker’s revamped dApp Store, then consider yourself sorted. Moreover, the Seeker may provide you with entertaining token airdrops. Solana is among those platforms that do good for their community and with such a phone, there may be even more chances for the users to earn free tokens. Thus, be it web browsing, gaming, or trade, the Seeker will sort you out. However, Solana may be strategically correcting its position in the future, at present, another crypto player is making quite a few moves, Rexas Finance.
Rexas Finance (RXS) Hits $1.25M in Presale: A Rising Star
Rexas Finance boils the blood – and it is for good reason. In just two weeks, its presale has amassed $1.25 million, a staggering figure. The token RXS is currently going for $0.050 during the presale stage three, which is a 66.7% increase from the presale stage 1 price at $0.030 Rexas Finance is surpassing the barrier in the new horizon by allowing one to invest in real-world assets (RWAs) over blockchain technology. You can consider this as “you now can even purchase a piece of real estate in another country or even part of a fine piece of artwork without moving an inch from your seat. This means that with Rexas Finance, there are no geographical and large amounts of money constraints to the investors. You are free to invest as especially a little or a lot as you wish to, having a fraction of an asset or commodity without the traditional difficulties of the purchasing and selling process. At this moment Rexas Finance tokens are preparing for the official launch in early 2025 at $0.20 each. Well for those who managed to get in early, that’s already a reasonable return on the investment. With increasing needs for tokenized assets or real assets, there would be further vertical growth as RXS could reach $13 after its launch.
Conclusion
One fact holds: in the world of cryptocurrencies, everything is active. The functions of the market kept on moving, be it attempts by hackers to penetrate exchanges like BingX, or trailblazers such as Solana and Rexas Finance. There is, however, a comforting thought in all this; for the time being, watch for Rexas Finance and the Seeker phone being developed by Solana: they will be tomorrow’s revolution in blockchain technology.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
