Cyber Hackers Steal $27 Million from BigONE’s Hot Wallet
2025-07-16 08:46:02
Main Idea
BigONE cryptocurrency exchange suffered a $27 million hack from its hot wallet, involving multiple cryptocurrencies, and has pledged to compensate users while implementing enhanced security measures.
Key Points
1. BigONE exchange was hacked on July 16, 2025, losing $27 million from its hot wallet, including 120 BTC, 350 ETH, 1,800 SOL, and 8.54 million USDT.
2. The attack was identified as a supply chain attack, with BigONE detecting the anomaly quickly but still affecting eight other cryptocurrencies.
3. BigONE has assured users that the losses will be covered by its insurance fund, sourced from operational revenues.
4. The exchange has taken steps to isolate the attack path and enhance security measures following the breach.
5. Blockchain tracking is ongoing to monitor the movement of stolen funds, with researcher ZachXBT noting BigONE wallets' involvement in high-volume transactions.
Description
BigONE suffered a $27 million hack involving multiple cryptocurrencies. Hackers used sophisticated supply chain attack methods, bypassing security. Continue Reading: Cyber Hackers Steal $27 Million from BigONE’s Hot Wallet The post Cyber Hackers Steal $27 Million from BigONE’s Hot Wallet appeared first on COINTURK NEWS .
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