BigONE Faces Possible $27 Million Loss in Hot Wallet Attack Involving Bitcoin and Other Cryptocurrencies

Key Points

1. BigONE lost approximately $27 million in a hot wallet hack involving cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB).

2. The exchange has collaborated with cybersecurity firm SlowMist to trace and recover the stolen funds and has contained the breach to prevent further unauthorized withdrawals.

3. BigONE has committed to fully compensating affected users and enhancing its security measures.

4. The hack is part of a broader trend of cryptocurrency exchange breaches in 2025, including incidents at Bybit ($1.5 billion loss), Phemex ($85 million), Cetus Protocol ($225 million), Infini ($49 million), and Moby ($2.5 million).

5. The incident underscores the need for robust security frameworks and proactive risk management in the crypto exchange ecosystem.