Oh No, Another Crypto Fiasco! BigONE Loses $27M in Sneaky Supply Chain Attack 😱

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Well, this is just what we needed on a perfectly fine July 16. BigONE, the crypto exchange that’s been around since 2017, had a little mishap. A breach, you might call it, leading to unauthorized withdrawals across multiple networks. How charming.

According to the exchange, the attack resulted in the loss of 120 BTC, 350 ETH, 1,800 SOL, and over 8.5 million USDT, along with funds in several other tokens, including DOGE and SHIB. Because, you know, why not? Blockchain security firm SlowMist identified the incident as a supply chain attack, where hackers compromised production systems and altered internal server logic, enabling fund withdrawals without exposing private keys. Genius, really.

BigONE has assured users that wallet keys remain secure and that the attack path has been isolated. The company is working with SlowMist to trace the stolen funds and has pledged to cover all losses using internal reserves. Trading and deposit services are expected to resume shortly. Phew, crisis averted, right?

Meanwhile, blockchain investigator ZachXBT offered no sympathy, alleging that BigONE has facilitated illicit transactions linked to online scams. Because, you know, when it rains, it pours. 🌧️

Despite limited visibility, BigONE processed over $467 billion in trading volume last week, according to BitDegree. So, they’re still a big player in the crypto space, even if they’re a bit clumsy with the funds. 🤷‍♀️

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2025-07-16 13:58