16.07.2025 08:05

A sophisticated supply-chain attack targeting BigONE, a cryptocurrency exchange, resulted in the theft of over $27 million in user funds. The breach, discovered in the early hours of July 16th, allowed unauthorized access to hot wallets, leading to the pilferage of a substantial amount of digital assets.

The stolen cryptocurrency included a diverse range of assets, encompassing prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Shiba Inu (SHIB), Solana (SOL), and Dogecoin (DOGE), among others. This significant loss highlights the persistent vulnerability of even established exchanges to advanced cyberattacks.

Following the incident, BigONE swiftly suspended deposits and withdrawals to prevent further losses and initiated a thorough investigation. While the exchange assures users that no private keys were compromised, the attacker exploited vulnerabilities within the exchange's internal systems to execute the theft. Analysis of blockchain data reveals the hacker successfully absconded with 121 BTC, 350 ETH, 9.69 billion SHIB, 538,000 DOGE, and various other tokens.

BigONE's official statement confirmed the attack, emphasizing that the threat had been neutralized and all private keys remain secure. The company pledged to compensate users for their losses, highlighting their commitment to safeguarding their platform and regaining user trust. This incident follows a similar, albeit larger, attack on Nobitex, an Iranian exchange, last month, underscoring the ongoing challenges facing the cryptocurrency industry in maintaining robust security protocols. The incident serves as a stark reminder of the ever-evolving nature of cyber threats within the digital asset landscape and the importance of robust security measures. The source for this information is from internet sources.