Cryptocurrency exchange BigONE experienced a major security incident resulting in an estimated $27 million asset loss. The breach included 121 BTC, 350 ETH, 8.54 million USDT, 1,800 SOL, and almost 10 billion SHIB tokens.
Despite the significant theft of SHIB tokens, the asset displayed notable price resilience. After an initial dip, SHIB quickly rebounded to trade near $0.00001370. Market analysts attribute this stability partly to SHIB’s vast circulating supply, which diluted the impact of the token movements.
BigONE has suspended all withdrawal services while addressing the breach. The exchange is actively working to restore operational security and rebuild customer confidence. Industry observers highlight this incident renews concerns about inherent risks in centralized trading platforms and underscores the critical need for continuous security infrastructure investment.