๐จ BREAKING CYBERATTACK: $27M Crypto Heist Hits BigONE โ 9.7B SHIB Stolen! ๐
๐ July 16, 2025
A major cyberattack has rocked the crypto world, targeting the mid-sized exchange BigONE in a supply-chain exploit that resulted in the theft of over $27 million in crypto assets โ including nearly 10 billion Shiba Inu (SHIB) tokens.
๐ป What Happened?
๐ Hackers infiltrated BigONEโs internal backend systems โ not through stolen user keys, but via a hot-wallet vulnerability linked to third-party software.
๐ฐ Stolen assets include:
121 BTC ๐
350 ETH ๐
8.54M USDT ๐ต
1,800 SOL ๐ท
9.7B SHIB ๐ถ
BigONE froze withdrawals immediately and has pledged to cover user losses from its internal reserves.
๐ How Did SHIB React?
๐ณ๏ธ SHIB briefly dipped below $0.00001350
๐ Quickly bounced back to ~$0.00001370
โ Market absorbed the shock with minimal panic
๐ช SHIB holders showed resilience and confidence
๐ง Why the Price Stayed Stable?
1. Massive supply: 9.7B SHIB = small % of total circulation
2. Limited impact: BigONE isnโt a top SHIB exchange
3. No systemic risk: Private keys and core protocols were not breached
๐ก๏ธ Exchange Response
๐ซ Withdrawals frozen
๐ผ Internal investigation underway
๐ฐ Users to be reimbursed
๐ No compromise of personal wallets or seed phrases
๐ Final Take
Despite the scale of the theft, SHIB's price held strong, signaling strong investor trust and market maturity.
> ๐ฌ "A $27M breach wouldโve caused chaos in 2021 โ now itโs just a market ripple."