Post
Topic
Board Service Discussion
Re: BigONE exchange hacked for $27 million
by
avp2306
on 25/07/2025, 10:11:21 UTC
Quote
Dear Users,

In the early hours of July 16, BigONE detected abnormal movements involving a portion of the platform’s assets. Upon investigation, it was confirmed to be the result of a third-party attack targeting our hot wallet.

https://bigone.zendesk.com/hc/en-us/articles/48916067512345-BigONE-Security-Incident-Disclosure-and-Progress-Update-July-16

Anyone have use this cryptocurrency exchange? As it seems that it is the latest victim, a $27 million hack on their system. It's not that big as compare to other exchanges, but still the amount of money could be huge for them as I will admit that I haven't heard about this crypto exchanges before so they could be in the tier B or tier C. So the impact could be huge for them.


BigOne?
I have never used or heard about the exchange.
Why are there too many exchanges.
And why they all receive patronage?
Thank our goodness that this one is not very popular,
And the impact is not felt in the market.
Anyone reminder of Not-Your-Keys, Not-Your-Coins.

Never heard about this exchange to and upon doing some research about their background BigOne launch their platform since 2017 https://bigone.zendesk.com/hc/en-us/articles/115001956293-About-BigONE

They didn't even manage to get huge exposure to people using crypto.

They are experiencing a internal system breach and this is really bad because this put some certain reminder to other small exchange to check their platform security since there's rampant hacking issues happened on many exchange lately. Also its another great reminder for people not to entrust their funds on exchange since hacking is possible to happen and we don't know if that exchange can cover up those losses they get from those hacking they experience.