The cryptocurrency exchange BigONE has reported a serious security incident resulting in a loss of $27 million. The information about the loss came from the security firm SlowMist.
Incident Details
According to SlowMist, the BigONE exchange became a victim of a third-party attack targeting its hot wallet. During the incident, 'abnormal movements' involving some of its assets were detected.
Affected Cryptocurrencies
The list of affected cryptocurrencies includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), as well as meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), which are among the most popular on the market.
Security Measures and Consequences
BigONE claims that the attack path has already been 'contained' to prevent further losses. The exchange intends to cover all losses and activate its internal security reserves. Additionally, BigONE is collaborating with SlowMist to track down the stolen funds.
The incident with BigONE highlights the importance of security in the crypto industry and the need for ongoing enhancements in protecting user assets to prevent similar situations.
