Post
Topic
Board Service Discussion
Re: BigONE exchange hacked for $27 million
by
un_rank
on 19/07/2025, 11:16:19 UTC
It appears that the above issue has been fixed, so they've resumed their withdrawal services [source], but it seems that they're trying to rush everything [I hope I'm wrong].
This will give their users confidence to keep using them. But this should be a heads up to everyone to not store funds in an exchange, you do not control the security and cannot guarantee the safety of your funds.

- BTW, they've allocated $8.1M in bounty rewards for those who can help with getting those funds back: BigONE Hack Bounty Program
I am surprised they have enough in reserves to organize this sort of bounty. They may obviously be banking on the fact that if they recover the funds they can pay from there, but I would normally have expected a small exchange to get rekt from such a hack.

- Jay -