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Exchanges / Wider check / BingX
WIDER CHECK · NO SCORE · 9 OCT 2026

BingX: what the sources say

No MiCA authorization found Limited search: no Rigor score

Key facts

Regulation, reserves, fees

MiCANot foundNone found in the ESMA interim register
Italian residentsNot verifiedRegistry check pending
Proof of reservesPublishedMazars (South Africa) 2022 report; Hacken report also linked on page
Spot fees (base tier)0.1% / 0.1%maker / taker

Reserves note: Page shows no audit date; Hacken file named with 2025. Mazars announcement of 2 Dec 2022 gave ratios BTC 132%, ETH 122%, USDC 186%, USDT 112% and does not say whether liabilities included. Page's data area was empty when read.

Track record

Incidents and regulator actions found

Security incidents

  • 2024-09-20 Suspicious activity detected ~04:00 SGT; PeckShield estimated ~$43M lost from hot wallets; withdrawals suspended. Outcome: BingX said most assets safe in cold wallets, resumed services within about 24h and said it would compensate users; compensation details not given in source. source

Regulator and court actions

  • No regulator or court action found in our limited search.
Limits

What we could not verify

Not verified: legal entity for global/EU customers from a primary source, Italy acceptance, OAM, last PoR date and liabilities inclusion, reserve ratios today, actual compensation outcome of 2024 hack, regulator actions (not searched exhaustively). Entity facts are third-party (DataWallet). Audit 2026-10-09: Brave New Coin reports BingX CPO Vivien Lin said BingX 'will fully compensate for the loss with our own capital' (2024-09-20); actual completion of compensation not verified. No regulator action found in searches; not verified against individual regulator lists.

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] ESMA interim MiCA CASP register (CSV), searched for 'bingx' accessed 2026-10-09
  2. [2] Finance Magnates: MiCA Day One, how unlicensed exchanges treat EU users accessed 2026-10-09
  3. [3] DataWallet (IT): BingX supported and restricted countries 2026 (third-party) accessed 2026-10-09
  4. [4] BingX Mini terms (restricted jurisdictions, 10 Feb 2026) accessed 2026-10-09
  5. [5] The Block: BingX $43M exploit (20 Sep 2024) accessed 2026-10-09
  6. [6] BingX: Proof of Reserves page accessed 2026-10-09
  7. [7] BingX: verified Proof of Reserve with Mazars (2 Dec 2022) accessed 2026-10-09
  8. [8] BingX Learn: BingX fees (updated 2026-01-16) accessed 2026-10-09
  9. [9] BingX Learn: BingX vs Bybit 2026 comparison accessed 2026-10-09
  10. [10] BingX Support: Copy Trading Basics accessed 2026-10-09
  11. [11] Brave New Coin - BingX $43M hack, compensation pledge accessed 2026-10-09