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

Crypto exchange BigONE just joined the hack hall of fame—$27 million evaporated in a digital heist. But here's the twist: they're promising full user compensation. No 'maybes,' no haircuts—just a rare pledge to make traders whole.

Security failure meets financial accountability. The exchange claims no internal collusion (we've heard that one before), but the real story? They're dipping into cold storage reserves to cover losses—something traditional banks would call 'reckless' while quietly bailing themselves out with printed money.

Final thought: In crypto, even disasters come with upside. When was the last time your bank voluntarily refunded fraud victims without a three-year lawsuit?

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.