BingX Launches $150M Shield Fund for User Protection and Security

BingX, a cryptocurrency exchange and Web3 AI company, has launched a $150 million Shield Fund to safeguard users against incidents such as technical vulnerabilities and security risks. The self-funded and permanent fund features continuous internal audits and dynamic risk assessments, providing real-time protection and peace of mind for users. This initiative underscores BingX's commitment to transparency, accountability, and user protection.

BingX, a prominent cryptocurrency exchange and Web3 AI company, has recently unveiled a $150 million Shield Fund aimed at safeguarding users against potential technical vulnerabilities and security risks. The self-funded and permanent fund features continuous internal audits and dynamic risk assessments, providing real-time protection and peace of mind for users. This initiative underscores BingX's commitment to transparency, accountability, and user protection [1].

The Shield Fund is a significant step in the company's ongoing efforts to enhance its security infrastructure. By implementing continuous internal audits and dynamic risk assessments, BingX ensures that its systems are constantly evaluated and updated to address emerging threats. This proactive approach to security is particularly critical in the cryptocurrency space, where hacking incidents and security breaches are not uncommon [2].

BingX's move comes in the wake of several high-profile security incidents in the cryptocurrency industry. For instance, Bybit, another major exchange, was subjected to a sophisticated multi-stage attack in February 2025, which, although not breaching its core security parameters, highlighted the need for enhanced security measures. Bybit responded by conducting extensive security audits, fortifying its wallet solutions, and upgrading its information security infrastructure [3].

The launch of the Shield Fund by BingX aligns with the broader trend in the industry of prioritizing user security. As exchanges and Web3 companies face increasing cyber threats, the implementation of robust security measures becomes essential. By investing in a dedicated security fund, BingX is signaling its commitment to maintaining a high level of security for its users, which is crucial for building trust and attracting new customers.

In conclusion, the $150 million Shield Fund by BingX represents a significant investment in user security. By focusing on continuous internal audits and dynamic risk assessments, BingX is taking a proactive approach to safeguarding its users against potential threats. This initiative is likely to enhance the company's reputation and trustworthiness in the competitive cryptocurrency market.

References:
[1] https://www.prnewswire.com/in/news-releases/the-billion-dollar-heist-and-what-it-means-for-crypto-security-bybits-security-overhaul-after-hack-302473118.html
[2] https://www.nasdaq.com/articles/diginex-limited-signs-mou-2-billion-acquisition-resulticks-enhance-ai-driven-data