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Cover image via U.Today
Cryptocurrency exchange BigONE has reportedly suffered a significant security breach, losing approximately $27 million in digital assets due to a third-party attack on its hot wallet, according to security firm SlowMist.
The exchange, which facilitates trading in over 180 cryptocurrencies, identified "abnormal movements" concerning some of its assets earlier today, prompting immediate investigation.
The affected cryptocurrencies include major assets like Bitcoin (BTC) and Ethereum (ETH), as well as Solana (SOL). Popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) were also impacted by the incident.
BigONE has stated that the attack vector has been "contained," preventing further unauthorized access and potential losses.
The exchange has reassured its users that it will fully cover all losses incurred as a result of the security breach, utilizing its internal security reserves to ensure user funds are protected.
BigONE is actively working with SlowMist to trace the stolen funds and investigate the full extent of the attack.
Notable Crypto Hacks of 2025
This incident follows a series of high-profile cryptocurrency exchange hacks in 2025.
In February, cryptocurrency exchange Bybit experienced a substantial security breach, with losses amounting to $1.5 billion. Subsequent investigation by the FBI attributed the attack to North Korean actors.
Prior to that, in January, Phemex's hot wallets were compromised, resulting in the loss of $85 million across multiple blockchains.
Other significant crypto hacks in 2025 include incidents involving Cetus Protocol ($225 million), Infini ($49 million), and Moby ($2.5 million).
The Bybit and Cetus hacks represent a significant portion of the total losses from hacking incidents in the cryptocurrency space this year. Read original article on U.Today
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