🚨*WARNING:*
💥 *Crypto exchange Big......* has suffered a *27 million hack*, with attackers targeting its *hot wallet* 💻🔓🔥
📉 *What happened:*
- Hackers exploited Big.....'s *hot wallet security*
-27M in various assets were *drained*
- Funds likely moved through mixers or bridges to obscure tracking
🔍 *Why it matters:*
Hot wallets (wallets connected to the internet) are more vulnerable than cold storage. A breach this size:
⚠️ Shakes user trust
⚠️ Raises security concerns for smaller exchanges
⚠️ Could lead to *withdrawal freezes* or *regulatory heat*
📊 *Market reaction:*
- No major market-wide crash yet
- Users advised to withdraw funds from Big.... if still accessible
- Reminder to *use cold wallets* for long-term storage
🧠 *Takeaway:*
Another clear warning in crypto: *"Not your keys, not your coins."*
Always prioritize *security* over convenience — especially in uncertain exchange environments.
