BigONE Exchange Drained of $27M in Brazen Hack—While Allegedly Harboring Scam Projects

Crypto exchange BigONE just got rocked by a $27 million security breach—adding fuel to existing accusations that the platform has been turning a blind eye to fraudulent activity.

The heist throws gasoline on an already smoldering reputation. Critics claim BigONE's lax vetting allowed scam projects to flourish, making this hack feel like poetic justice to some industry watchers.

Security experts are dissecting the attack vector while traders scramble. Meanwhile, the exchange's PR team is doing Olympic-level mental gymnastics to distance themselves from past 'partnerships' with now-defunct projects.

Another day, another crypto exchange learning the hard way that cutting corners on compliance eventually cuts into your bottom line. Who could've predicted?

BigONE Hacked for $27 Million, ZachXBT Alleges Scam Ties

Crypto exchange BigONE has been hacked, with over $27 million in digital assets stolen and swapped into Bitcoin (BTC), ethereum (ETH), TRON (TRX), and Solana (SOL), according to on-chain tracker Lookonchain.

The hacker’s wallets currently hold 120 BTC ($14.15 million), 23.3 million TRX ($7 million), 1,272 ETH ($4 million), and 2,625 SOL ($428,000).

The #BigONE exchange was hacked and lost over $27M.

Currently, the hacker has exchanged the stolen assets for 120 $BTC($14.15M), 23.316M $TRX($7.01M), 1,272 $ETH($4M) and 2,625 $SOL($428K).

Address:
bc1qwxm53zya6cuflxhcxy84t4c4wrmgrwqzd07jxm
TCAfB8jHbJ56xwmfwKwWEs8HLRjbC2GfHG… pic.twitter.com/RXfSb7jgt0

In the minutes leading up to this confirmation, the security team from Certik Alerts flagged large token outflows from BigONE. According to the team, the bad actor now holds approximately $4 million worth of ETH as of two hours ago.

#CertiKInsight

We have seen multiple large token outflows from 0xd4dcd2459bb78d7a645aa7e196857d421b10d93f that are related to the latest BigONE security incident.

The exploiter now holds ~$4M in ETH and multiple other tokens (may not be liquidatable ) at… pic.twitter.com/qWM0rFfNbB

While the incident marks another high-profile centralized exchange exploit, it has also stirred controversy. Renowned blockchain investigator ZachXBT claimed BigONE previously processed significant volume tied to pig butchering, romance, and investment scams.

“I do not feel bad for the team as this CEX processed a good bit of volume from pig butchering, romance, investment scams,” the blockchain sleuth stated.

The hack adds to a growing wave of exchange security breaches and raises new questions about platform integrity.

BigONE has yet to release an official statement. Investigators continue to track the stolen assets as the attacker attempts to MOVE them across chains and exchanges.