BigONE cryptocurrency exchange suffered a major supply chain attack exploiting backend vulnerabilities, resulting in losses exceeding $27 million. Stolen assets include 121 BTC, 350 ETH, 8.54 million USDT, 1,800 SOL, and 9.69 billion SHIB tokens.
Despite the significant theft of SHIB tokens, the asset demonstrated unusual price stability after the breach. SHIB’s value experienced only a brief dip before swiftly recovering to pre-attack levels, indicating market resilience potentially tied to constrained liquidity on BigONE or sustained retail investor confidence.
The incident underscores critical security gaps in cryptocurrency exchanges, highlighting the urgent need for multi-layered protection frameworks and rigorous third-party vendor oversight. BigONE responded by immediately freezing all withdrawals, a move likely to attract regulatory attention and catalyze industry-wide security upgrades.
SHIB’s price stability amid the multimillion-dollar theft suggests increasingly sophisticated market dynamics. This resilience reinforces the importance of liquidity buffers to withstand similar security incidents in decentralized finance ecosystems.