A recent attack on the BigOne exchange resulted in significant financial losses estimated at $27 million. The attack occurred due to a supply chain vulnerability and affected various blockchains.
Incident Overview
The BigOne exchange, with a trading volume of $728 million, was targeted in a supply chain attack, as reported by the SlowMist team. The hackers managed to withdraw funds from several blockchains, including Ethereum, Solana, TRON, and Bitcoin.
Details of the Attack
During the attack, the attacker altered the operational logic of the servers related to account management and risk, allowing them to withdraw an unlimited balance. The total losses have now reached $27 million. The hacker was able to extract funds from hot wallets that contained the exchange’s main assets.
Response from BigOne
The BigOne team swiftly responded to the suspicious transactions, stating that all user assets are safe. The exchange intends to cover the losses with its insurance fund and plans to resume deposit and withdrawal operations after implementing security upgrades.
The attack on BigOne highlights the importance of security within the cryptocurrency sector. Despite the substantial losses, management assures users that their funds are protected and that the platform's security measures will be enhanced.
