BingX Exploit: Funds Laundered via ClockSwap P2P Network

Following the recent BingX security breach, blockchain analysts have uncovered suspicious transactions involving stolen funds and a peer-to-peer platform known as ClockSwap. Preliminary on-chain data indicates that the exploiter transferred Bitcoin from a series of intermediary wallets to ClockSwap, where the funds were then converted into Monero, a privacy coin renowned for its ability to conceal transactions.