On July 16, 2025, the Seychelles-based cryptocurrency exchange BigONE was the target of a cyberattack that resulted in the loss of $27 million worth of Bitcoin, Ether, Shiba Inu, Dogecoin, and Tether USDt. This attack exposed critical vulnerabilities in the platform's security and raised serious questions about the protection of digital assets.
This article aims to analyze this attack in detail, identify the exploited security flaws, and discuss how artificial intelligence (AI) could have played a role in preventing or mitigating the incident.
By examining this case, we hope to provide valuable lessons for the cryptocurrency community about the importance of security and the crucial role of AI in protecting the digital financial future.
Attack: Exploitation of vulnerabilities in BigONE, resulting in unauthorized access and transfer of funds.
Impact: Financial losses of $27 million, reputational damage, and consequences for users.
Analysis: Security flaws enabled the attack; AI could have helped with prevention.
Recommendations: Implement audits, use 2FA, cold storage, continuous monitoring, and educate users.
Conclusion: Robust security is crucial; AI can help, but stronger security practices are needed.