BigONE Gets Hacked: $27 Million Vanishes Into Thin Air! Here’s What Happened

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So, in the latest episode of “Crypto Adventures,” BigONE decided to test the limits of just how secure a “hot wallet” could really be. Turns out, not as secure as one might hope. The exchange reported a hefty security breach that resulted in the *shocking* disappearance of $27 million in Bitcoin and Ethereum. Oops.

How did this all happen? Well, according to the blockchain security detectives at SlowMist (who, let’s be honest, should probably get a cape), the breach was discovered on July 16. SlowMist claims that the production network was… well, compromised. Yep, someone got their hands on the account and risk control servers and started transferring funds like it was a game of Monopoly with real money.

Hot Wallet Nightmare

And this wasn’t just some minor glitch. No, no. The operating logic of the affected servers was *completely modified*—like someone hacked into a secret lair and rewrote the rules. This little tweak allowed the bad actor to waltz in and make off with the funds, because why wouldn’t they?

Of course, BigONE wasn’t exactly napping. Their real-time monitoring system flagged the suspicious movements, and they quickly pointed the finger at a third-party attack. But don’t panic yet, folks! The exchange assures us that all private keys remain secure, and they’ve managed to contain the attack. That’s right, they’ve sealed the breach and are now working closely with SlowMist to track down the sneaky thief.

The stolen assets? A modest sum of 120 BTC, 350 ETH, and over 8 million USDT, flowing through four different networks like it was a global treasure hunt. BigONE is now monitoring the movement of the funds, because, clearly, this is a *very* exciting scavenger hunt for everyone involved.

In a rather… optimistic statement, BigONE promised to cover the losses using their internal security reserves, ensuring that their users don’t feel too betrayed. Isn’t that sweet? They’re still investigating, though, so who knows what they’ll uncover in their mystery adventure.

After a brief hiatus, BigONE has restored its services. Alex Ash, an executive at the platform, happily announced:

“The system upgrade has been successfully completed. Deposit and trading services have now been fully restored, and you may log in via Web or App to resume your transactions. Thank you for your patience and continued support.”

Meanwhile, on-chain Sherlock Holmes ZachXBT wasn’t too thrilled with BigONE. He pointed out that the exchange had processed *suspiciously* high volumes of funds linked to “pig butchering,” romance scams, and investment frauds. Yikes. ZachXBT didn’t mince words, suggesting that if exchanges like MEXC or KuCoin got hacked next, it might actually do the crypto industry a solid by forcing a “natural cleanse.” You know, like a crypto spring cleaning. 🌱

GMX Hack

But wait, the crypto drama doesn’t end there! Just days after BigONE’s embarrassment, decentralized trading platform GMX found itself at the center of its own hack for a whopping $42 million. The hacker was quick on their feet, returning $40.5 million in less than two days. Talk about a dramatic plot twist!

The hacker, not quite the villain we all expected, exploited a vulnerability in GMX’s V1 smart contracts, manipulating GLP token prices to drain the funds before zipping them across networks like a well-dressed digital pirate. But here’s the kicker: GMX offered a 10% white hat bounty, and the hacker, surprisingly, accepted the deal, keeping $4.5 million as a nice little reward for their “efforts.” It’s like a hack, but with a prize! 🎉

GMX also confirmed that their V2 protocol was untouched by this little heist. Good news for anyone still holding onto their crypto with a glimmer of hope.

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2025-07-16 17:46