- BigONE confirms $27 million hack, activates emergency security measures immediately.
- Hackers’ wallets hold millions in BTC, ETH, TRX, and SOL.
- ZachXBT links BigONE to past scams, raising community concerns fast.
Crypto exchange BigONE has confirmed a security breach that resulted in the loss of more than $27 million in digital assets. Blockchain security firm SlowMist traced the attack to a supply chain vulnerability within the exchange’s production environment.
The attacker reportedly manipulated server logic connected to account and risk control systems, allowing unauthorized withdrawals. Although the theft was quite significant in size, SlowMist reported that no personal keys had been compromised in the break.
According to Lookonchain, the stolen assets were quickly converted into various cryptocurrencies. The wallets controlled by the attacker now contain the following amounts of money: 120 BTC, amounting to $14.15 million, 23.3 million TRX, worth $7 million, 1,272 ETH, worth $4 million, and 2,625 SOL, worth $428,000.
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BigONE retaliated by isolating the path of the attack immediately and initiating its internal emergency procedures. The platform also triggered its security reserve account to compensate its users for losses and stated that it has not stopped providing trading services.
Suspicion and Allegations Add to Controversy
While the attack adds to a growing list of crypto exchange breaches this year, not all responses have been supportive. Blockchain researcher ZachXBT accused BigONE of having been involved in the past with transactions related to pig butchering, love racket, and Ponzi schemes.
Such assertions have raised new rifts concerning illicit flows in centralized platforms. The hack occurred at an opportune time, and with prior allegations of BigONE, BigONE’s activity and due diligence are receiving increased attention.
According to Certik Alerts, major token outflows were noticed before the exchange revealed the hack. The investigators are currently monitoring the detected wallet addresses on Ethereum, Bitcoin, Tron, and Solana to claim back the funds.
Security Concerns Intensify Across Crypto Platforms
BigONE’s breach follows several major hacks this year, including Bybit’s $1.5 billion loss and Phemex’s $85 million theft. Additional incidents involving Cetus Protocol, Infini, and Moby have pushed total crypto losses from hacks to alarming levels in 2025.
The juxtaposition of the frequency of such breaches points to the continuous flaws in using hot wallets and risk management.
Conclusion
The $27 million breach at BigONE puts pressure on exchanges to improve their technical defenses and internal accountability. Although the incident has been contained, investigations and recovery efforts remain ongoing.
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