BigONE Crypto Exchange Suffers Major Exploit Crypto exchange BigONE has confirmed a security exploit resulting in losses exceeding $27 million. Blockchain security firm SlowMist reported the incident, stating that the vulnerability stemmed from a modification in "server operation logic related to account and risk management." This allowed attackers to withdraw funds without compromising private keys. Operational Network Damage and Recovery Efforts The exploit also caused damage to BigONE's operational network. The exchange is actively working to restore its systems. User Funds Secured: Full Compensation Promised Despite the significant loss, BigONE has assured users that all losses will be fully compensated. The exchange anticipates restoring trading and deposit functions within a few hours. This commitment aims to reassure users about the safety of their assets. ```