On July 16, blockchain security agency SlowMist tweeted that BigONE exchange was exploited by hackers due to supply chain attacks, with losses exceeding $27 million. The production network was hacked, and the operating logic of the account and risk control-related servers was tampered with, allowing the attacker to withdraw funds, but fortunately the private key was not leaked. [PANews]

Crypto exchange BigONE has reported a security breach involving its hot wallet infrastructure, which resulted in an estimated $27 million loss.The incident was detected by blockchain security platform SlowMist on July 16.<h2>Hot Wallet Nightmare</h2>SlowMist said that the production network was compromised, and the operating logic of account and risk control-related servers was modified, which allowed the attacker withdraw funds.BigONE confirmed the breach after the exchange’s real-time monitoring system flagged abnormal asset movements and said it was caused by a third-party attack. The exchange, however, stated that all private keys remain secure and the attack path has been identified and contained to prevent further losses.The exchange said that it is working with SlowMist to trace the attacker’s wallet addresses and monitor the movement of the stolen funds, which include 120 BTC, 350 ETH, and over 8 million USDT across four networks.In a statement, BigONE has vowed to cover all user losses using its internal security reserves. The exchange said it aims to ensure that user assets remain intact while it continues investigations.After a temporary suspension, the platform restored its services. BigONE exec Alex Ash stated,“The system upgrade has been successfully completed. Deposit and trading services have now been fully restored, and you may log in via Web or App to resume your transactions. Thank you for your patience and continued support.”On-chain sleuth ZachXBT remarked that he does not sympathize with the exchange, and alleged that it processed significant volumes tied to pig butchering, romance, and investment scams.He added that if more “questionable” offshore exchanges like MEXC or KuCoin were hacked for large sums, it could benefit the crypto industry by acting as a “natural cleanse” without requiring government intervention.<h2>GMX Hack</h2>The incident comes days after decentralized trading platform GMX was exploited for $42 million. The hacker, however, returned $40.5 million less than 48 hours after the exploit. The penetration vector included a re-entrancy vulnerability in GMX’s V1 smart contracts on July , allowing the perpetrator to manipulate GLP token prices to drain funds. They later bridged them from Arbitrum to Ethereum.GMX offered a 10% white hat bounty in exchange for the stolen assets, which the hacker accepted, keeping a profit of about $4.5 million. GMX confirmed its V2 protocol was not affected by the incident. [Crypto exchange BigONE]

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Hackers Exploit BigONE’s Systems, Steal Millions in Bitcoin and Ethereum

Seychelles-based crypto exchange BigONE announced Wednesday that it lost $27 million due to a security attack.

"In the early hours of July 16, BigONE detected abnormal movements … Upon investigation, it was confirmed to be the result of a third-party attack targeting our hot wallet," BigONE said in its announcement.

According to the official statement, the crypto exchange lost 120 BTC, 350 ETH, 1,800 SOL and around 8.54 million USDT across four different networks. It also lost funds in eight different cryptocurrencies, including DOGE, SHIB and CELR.

Blockchain security firm SlowMist reported the incident earlier on Wednesday, stating that the exchange's supply chain had been attacked.

"The production network was compromised, and the operating logic of account and risk control-related servers was modified, enabling the attacker to withdraw funds," SlowMist wrote in its X post. "Notably, the private keys were not leaked.​"

Aligned with SlowMist's earlier report, BigONE's statement said all private keys on the exchange are secure, and it has identified the attack path to prevent further losses. BigONE added that it is working with SlowMist to track the hacker and the movement of funds.

"BigONE will fully cover all losses incurred from this incident," the exchange said, adding that it has activated its internal security reserves to stabilize its liquidity pools, with deposit and trading services expected to resume in the coming hours. [SlowMist]

Crypto exchange BigONE hacked for over $27 million in hot wallet exploit

On July 16, according to on-chain analysis platform Lookonchain (@lookonchain) monitoring, the BigONE exchange was attacked by hackers, resulting in a loss of over $27.00 million. The hacker has exchanged the stolen assets for 120 BTC ($14.15 million), 23.316 million TRX ($7.01 million), 1272 ETH ($4.00 million), and 2625 SOL ($428,000.00). The wallet addresses used by the hacker are bc1qwxm53zya6cuflxhcxy84t4c4wrmgrwqzd07jxm, TCAfB8jHbJ56xwmfwKwWEs8HLRjbC2GfHG, 0x0A360bD648EB86613961a2AA41dC1610c5305F4F, and 7RWHQ7ujSFwokAPkAhHTdiPxRF2LmqrvgYEqDiAjLxdH. [TechFlow]

The BigONE exchange attacker converted $27.00 million to BTC, TRX, ETH, and SOL

On July 16 (UTC+8), blockchain security firm SlowMist tweeted that the BigONE exchange was exploited by hackers due to a supply chain attack, resulting in losses of over $27.00 million. The production network was compromised, and the operating logic of account and risk control-related servers was tampered with, allowing attackers to withdraw funds. Fortunately, private keys were not leaked. (Source: TechFlow) [Meta Era]

SlowMist: Trading platform BigONE hacked, losses exceed $27.00 million

On July 16, blockchain security firm SlowMist tweeted that the BigONE exchange was exploited by hackers due to a supply chain attack, resulting in losses exceeding $27.00 million. The production network was compromised, and the operating logic of account and risk control-related servers was tampered with, allowing attackers to withdraw funds. Fortunately, private keys were not leaked. [TechFlow]

On July 16, according to BigONE’s announcement, some assets on the BigONE platform were abnormally transferred early this morning, which was confirmed to be caused by a third-party attack on the hot wallet. The platform has locked the attack path and contained the risk, with an estimated loss of approximately US$ 27 million. The system is currently recovering gradually, and the recharge and trading services will be restarted within a few hours, and the withdrawal function will be restored after security reinforcement. BigONE promises to use its own security reserves to fully compensate users for their losses, and user assets will not be substantially affected. Affected assets include BTC, ETH, USDT, SOL, XIN, etc. The platform is replenishing the funding pool through internal reserves and external lending mechanisms, and promises to continue to disclose subsequent progress transparently. [PANews]

BigONE: The system is gradually recovering, and the deposit and trading services will be restarted within a few hours

Blockchain security firm SlowMist tweeted that the BigONE exchange was exploited by hackers due to a supply chain attack, resulting in losses exceeding $27.00 million. The production network was compromised, and the operating logic of account and risk control-related servers was tampered with, allowing attackers to withdraw funds. Fortunately, private keys were not leaked. [ChainCatcher]

SlowMist: BigONE exchange suffers supply chain attack, losses exceed $27.00 million

On July 16, SlowMist posted on social media that the trading platform BigONE suffered a supply chain attack, with stolen funds exceeding $27.00 million. The production network was invaded, and the attacker modified the operating logic of servers related to accounts and risk control, thereby realizing fund withdrawals. Wallet private keys were not leaked. [BlockBeats]

SlowMist: Trading platform BigONE attacked, losses exceed $27.00 million

On July 16th, SlowMist announced on social media that the trading platform BigONE experienced a supply chain attack, with a stolen amount exceeding $27 million. The production network was compromised, and the attacker modified the operation logic of servers related to accounts and risk control to enable fund withdrawals. Importantly, the private key was not leaked. [BlockBeats News]

SlowMist: Exchange Platform BigONE Suffers Attack, Loses Over $27 Million

SlowMist disclosed that the exchange BigONE is suspected of suffering a supply chain attack. The attacker implemented withdrawal operations by tampering with the operating logic of account and risk control-related servers in the production network, causing losses of over $27,000,000. SlowMist pointed out that this incident did not involve private key leakage. The attacker's address has been confirmed, and the team has initiated continuous tracking. [Wu Blockchain]

SlowMist: Suspected Exchange BigONE Suffers Supply Chain Attack, Losses Exceed $27.00 Million

Security agency: BigONE exchange suffered supply chain attack with losses exceeding $27 million

Seychelles-based cryptocurrency exchange BigONE announced that it lost $27 million worth of digital assets following a security breach in the early hours of July 16. Crypto Exchange BigONE Attacked for $27 Million: Funds Stolen in Hot Wallet Breach "We detected unusual activity in our hot wallet. Investigations confirmed that this was the result of a third-party attack," the exchange said in an official statement released on Wednesday. Details of the Attack: BigONE is a total of four different blockchain networks: 120 BTC 350 ETH 1,800 SOL It announced a loss of 8.54 million USDT. It was also reported that assets in eight other cryptocurrencies, including DOGE, SHIB, and CELR, were stolen. Blockchain security firm SlowMist reported that the attack was carried out through the supply chain. In such attacks, hackers manipulate the operation of a system by injecting malicious code into the software infrastructure. SlowMist stated that the attackers manipulated the operating logic of account and risk control servers to enable unauthorized withdrawals. Importantly, it emphasized that despite the attack, the wallets' private keys were not compromised. The exchange stated that they had identified the attack vector and prevented further losses. BigONE also announced that they were tracking the hacker and the movement of funds in collaboration with SlowMist. “BigONE will fully compensate for all losses arising from this incident,” the company stated, adding that internal security reserves have been activated to balance liquidity pools and that deposits and trading will reopen shortly. This incident has once again brought to the fore the security measures of centralized crypto exchanges and the potential risks of hot wallets. *This is not investment advice.

Security Breach at Seychelles-Based Cryptocurrency Exchange! Millions Stolen from Hot Wallet! Details Here

HIGHLIGHTS The BigONE crypto exchange hack was executed through a supply chain attack compromising internal accounts. BigONE confirmed that private keys were not leaked while assuring users to compensate for lost funds. The crypto exchange is collaborating with blockchain security firm SlowMist to trace the hacker's addresses and monitor stolen funds. In the latest crypto exchange hack, crypto trading platform BigONE lost a massive $27 million in user funds, with the hacker managing to gain unauthorized access to hot wallets. Preliminary reports show that the hacker has stolen funds across assets, including BTC, ETH, USDT, SHIB, SOL, DOGE, etc. The company has temporarily suspended deposits and withdrawals; however, it has assured users to compensate for the losses.
BigONE Becomes Latest Victim of Crypto Exchange Hack
Cryptocurrency exchange BigONE has confirmed a security breach resulting in losses exceeding $27 million following a sophisticated supply chain attack. The hacker managed to gain access by compromising the exchange's production network and altering the operating logic of servers responsible for account and risk control. This latest crypto exchange hack comes within a month of the $100 million hack of Iranian crypto exchange Nobitex last month.

Despite the severity of the breach, BigONE stated that no private keys were leaked during the exploit. However, the manipulation of internal systems enabled unauthorized fund withdrawals across multiple assets. As per the on-chain data, the hacker stole a total of 121 BTC, 350 ETH, 9.69 billion SHIB, 538,000 DOGE, among other crypto assets like USDT, UNI, etc. In its official confirmation, crypto exchange BigONE noted:
"In the early hours of July 16, BigONE detected abnormal movements involving a portion of the platform’s assets. Upon investigation, it was confirmed to be the result of a third-party attack targeting our hot wallet".

Updates on $27 Million Hack
Crypto exchange BigONE provided an official update following a recent $27 million security breach, assuring users that they have contained the threat and all private keys remain secure. In a statement, the exchange said the attack path had been identified and neutralized, with no risk of further losses.

BigONE has joined hands with blockchain security firm SlowMist to trace the hacker’s addresses, and monitor the movement of stolen funds. In most of the high-profile crypto exchange hacks, these hackers go into silence for a brief period, as with the latest Coinbase hack, wherein the hacker purchased 4,800 ETH after two months of silence.

Following the incident, BigONE noted that deposit and trading services will resume within hours. It also plans to restore withdrawals after implementing additional security measures. Despite the crypto market maturing, hackers have managed to breach some of the best crypto exchanges, including the likes of Bybit and Coinbase. [BigONE]

SHIB

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Crypto Exchange Hack: BigONE Users Lose A Massive $27 Million In Recent Exploit

BigONE crypto exchange has confirmed a $27 million loss after a third-party attack on its hot wallet infrastructure.

Crypto exchange BigONE loses $27M in third-party attack

7月16日，区块链安全机构SlowMist发推称，BigONE交易所因供应链攻击被黑客入侵，损失超过2700万美元。生产网络遭到攻击，账户及风控相关服务器的操作逻辑被篡改，攻击者得以提取资金，但幸运的是私钥未被泄露。[PANews]

安全机构：BigONE 交易所遭遇供应链攻击，损失超过2700万美元

7月16日，區塊鏈安全機構SlowMist發推稱，BigONE交易所因供應鏈攻擊被黑客入侵，損失超過2700萬美元。生產網絡遭到攻擊，賬戶及風控相關服務器的操作邏輯被篡改，攻擊者得以提取資金，但幸運的是私鑰未被泄露。[PANews]