🚨 BigONE Exchange Suffers $27M Hack — Funds Drained via Backend Exploit
In a shocking overnight breach on July 16, Seychelles-based crypto exchange BigONE lost approximately $27 million from its hot wallets.
💸 Breakdown of stolen assets:
120 BTC
350 ETH
1,800 SOL
8.54 million USDT
Plus funds in 8+ other tokens (including DOGE, SHIB, CELR)
🔍 How it happened:
The attackers reportedly injected malicious code into the exchange’s backend infrastructure, manipulating the withdrawal logic. Notably, private keys were not compromised.
🛡️ Damage control:
BigONE has confirmed that all affected users will be fully reimbursed using the exchange’s internal reserves.
This incident serves as a strong reminder:
> Even without losing private keys, poor backend security can cost millions.
💬 Are hot wallets still worth the risk?
