The cryptocurrency exchange BigONE reported a severe incident where $27 million was stolen from hot wallets. The breach affected several popular cryptocurrencies.
Nature of the Incident
BigONE's production network was compromised, allowing attackers to withdraw user funds across multiple blockchains. The exploit drained 121 BTC, 350 ETH, 538K DOGE, and 8.54M USDT, involving tokens such as SHIB, SOL, UNI, and TRX.
Use of Coordinated Tactics
The attack highlighted a sharp rise in cross-chain laundering methods, with millions moved from compromised wallets. Over 23 million TRX were routed from BigONE to new destinations.
Methods of Attack and Consequences
Wallet rules were overwritten at the system level, enabling attackers to withdraw assets across DEXs and liquidity pools without leaking private keys. Confirmed losses include 121 BTC, 350 ETH, and 1,800 SOL.
The recent incident at BigONE emphasizes the vulnerability of cryptocurrency exchanges and the need for enhanced security measures. The situation is under control, and users are advised to be cautious with their assets.
