16.07.2025 06:42

A significant cryptocurrency exchange, BigONE, suffered a major security breach resulting in the theft of over $27 million in digital assets. The stolen funds, initially comprising a variety of cryptocurrencies, were swiftly converted into Bitcoin, Ethereum, TRON, and Solana, according to on-chain data analyzed by Lookonchain. This conversion resulted in the hacker accumulating approximately 120 BTC, 23.3 million TRX, 1,272 ETH, and 2,625 SOL, representing a substantial loss for the exchange.

Prior to the confirmation of the hack, Certik Alerts, a prominent security firm, detected and reported unusually large outflows of tokens from BigONE's accounts. These outflows, swiftly identified as suspicious, strongly suggested a security compromise was underway. Their analysis revealed that the attacker had amassed approximately $4 million in Ethereum alone within a couple of hours of the initial discovery, further highlighting the scale of the breach.

The BigONE hack, however, isn't garnering universal sympathy. Prominent blockchain investigator ZachXBT publicly linked the exchange to past involvement with various fraudulent schemes, including pig butchering, romance scams, and investment scams. This connection, according to ZachXBT, mitigates any sympathy for the exchange's losses, underscoring the ethical implications beyond the immediate financial repercussions.

This latest incident underscores the ongoing vulnerability of centralized cryptocurrency exchanges to sophisticated cyberattacks. It adds to a growing list of similar breaches, highlighting the critical need for enhanced security measures and increased vigilance within the cryptocurrency market. The event also raises crucial questions about the responsibility of exchanges in vetting their users and preventing the facilitation of illicit activities. The scale of the theft and the exchange's prior controversies combine to create a complex and cautionary tale within the cryptocurrency landscape.