BigONE Crypto Exchange Rocked by $27M Hack—Vows 100% User Reimbursement

Crypto exchange BigONE just joined the hall of shame after confirming a $27 million security breach. The platform's cold wallets stayed frosty, but hot wallets got burned—classic crypto opsec failure.

Damage control mode: BigONE's CEO pledged full compensation 'using company capital,' though skeptics note their native token dipped 9% post-announcement. Pro tip: When exchanges say 'no user funds affected,' check your wallet twice.

The silver lining? This wasn't a DeFi protocol—just centralized finance doing what it does best: creating expensive learning opportunities. On-chain sleuths are already tracing the stolen ETH, while the exchange implements 'enhanced security measures' (read: should've done this earlier).

What Was Stolen?

The stolen tokens span across major and minor assets, including:

• 120 BTC
• 350 ETH
• 9.5B SHIB
• 7.1M USDT (multi-chain)
• 538,000 DOGE
• 1,800 SOL
• 1 WBTC
• 20,730 XIN
• 15.7M CELR
• 25,487 UNI
• 16,071 LEO

BigONE said user balances are safe, and all losses will be covered in full using a combination of internal reserves (BTC, ETH, SOL, USDT, XIN) and external borrowing to restore liquidity for niche tokens.

Deposits and trading are expected to resume within hours, but withdrawals will be delayed until further security reinforcements are complete.

“We sincerely apologize for the impact this incident may have caused,” the team wrote. “All investigation progress and handling results will be communicated with full transparency.”

The incident marks yet another major exchange hack in 2025, pushing total crypto exploit losses beyond $2.1 billion for the year.