16.07.2025 19:02

A significant security breach targeting BigONE, a Seychelles-based cryptocurrency exchange, resulted in the theft of $27 million in digital assets during the early hours of July 16th. The exchange confirmed the incident in an official statement released on Wednesday, attributing the loss to a sophisticated third-party attack targeting their hot wallet.

The attack, meticulously detailed by blockchain security firm SlowMist, involved a sophisticated supply chain compromise. Hackers cleverly manipulated the account and risk control servers, enabling unauthorized withdrawals without compromising the private keys of the affected wallets. This highlights the insidious nature of such attacks, where malicious code subtly alters system operations. The stolen assets comprised 120 BTC, 350 ETH, 1,800 SOL, 8.54 million USDT, and a variety of other cryptocurrencies including DOGE, SHIB, and CELR.

Swift action by BigONE prevented further losses after identifying the attack vector. Collaborating closely with SlowMist, the exchange is actively tracking the stolen funds and pursuing the perpetrators. BigONE has pledged full compensation to all affected users, reassuring customers that internal security reserves have been deployed to maintain liquidity. Trading and deposits are expected to resume shortly.

This incident underscores the inherent vulnerabilities of centralized cryptocurrency exchanges and the risks associated with the use of hot wallets. The successful theft of substantial funds serves as a stark reminder of the ongoing challenges in securing digital assets within the volatile cryptocurrency landscape. Information obtained from internet sources.