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

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

Crypto exchange BigONE has suffered a third-party attack targeting its hot wallet infrastructure, resulting in an estimated loss of approximately $27 million.

On July 16, BigONE said it detected the security incident after abnormal asset movements triggered real-time monitoring alerts. “Upon investigation, it was confirmed to be the result of a third-party attack targeting our hot wallet,” it said.

BigONE said all private keys remain secure, and the attack path has been identified and contained to prevent further losses. The exchange collaborated with blockchain security firm SlowMist to trace the attacker’s wallet addresses and monitor the flow of stolen funds.

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