BigONE Exchange Loses $27M in Hot Wallet Breach

BigONE Exchange Loses $27M in Hot Wallet Breach
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Crypto exchange BigONE suffered a $27 million hot wallet breach, detected by blockchain security firm SlowMist. The exchange has pledged to cover user losses while restoring services post-investigation.

  • BigONE’s hot wallet breach led to $27M in losses, with stolen funds including BTC, ETH, and USDT.
  • The exchange confirmed private keys were secure, contained the attack, and will reimburse users from reserves.
  • The incident follows GMX’s $42M exploit, where the hacker returned most funds after a 10% bounty deal.
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