Tron (TRX) Security Concerns Rise Amid BigOne Exchange’s $27M Supply Chain Attack
In a significant blow to cryptocurrency security, BigOne Exchange fell victim to a sophisticated supply chain attack, resulting in $27 million in losses. The breach, confirmed by security firm SlowMist, exploited the exchange's production network and manipulated risk control server logic, enabling unauthorized withdrawals without compromising private keys. This incident highlights growing vulnerabilities in crypto platforms, raising concerns for ecosystems like Tron (TRX) as investors scrutinize security measures. The attacker drained liquidity across four blockchain networks, underscoring the need for enhanced safeguards in an increasingly interconnected digital asset landscape.
BigOne Exchange Loses $27 Million in Supply Chain Attack
BigOne Exchange, a mid-tier cryptocurrency platform with $728 million in trading volume, suffered a sophisticated supply chain attack resulting in $27 million in losses. Security firm SlowMist confirmed the exploit, which compromised the exchange's production network and modified risk control server logic—enabling unauthorized withdrawals without private key leakage.
The attacker drained liquidity across four blockchain networks: Ethereum, Solana, TRON, and Bitcoin. This marks the largest security breach in BigOne's history, exposing vulnerabilities in its operational infrastructure rather than wallet security. The exchange currently holds a 6/10 trust score on CoinGecko, ranking #91 among global platforms.
On-chain analysts note BigOne's historical use as a laundering vehicle for scam proceeds. The exchange team has reported abnormal outflows from its primary hot wallet and is investigating the incident.
Solana and BNB Drive Record Blockchain Transaction Volume
Blockchain networks have shattered records with 342 million transactions processed in a single week, marking the highest weekly volume ever observed. Solana, BNB Chain, and TRON emerged as the dominant players, accounting for the majority of this activity.
Solana commands 59.46% of total transactions, fueled by meme token mania through launchpads like LetsBonk and Pump.fun. While speculative, these tokens have drawn significant user engagement.
BNB Chain maintains its lead in decentralized applications despite processing only 18.76% of transactions. Its ecosystem spans DeFi, GameFi, and NFTs, supported by recent technical upgrades like the Maxwell Hard Fork that doubled network speed.
GroveX Launches Credit Card Crypto Buying Feature to Simplify Digital Asset Purchases
GroveX, an emerging cryptocurrency exchange, has unveiled a new credit card crypto buying feature designed to streamline access to digital assets. The platform announced the development via its official X account, emphasizing ease of use for both novice and experienced investors.
The feature supports direct purchases of major cryptocurrencies including Tether (USDT), TRON (TRX), Ethereum (ETH), and Binance Coin (BNB). Transactions can be completed in a few clicks, with integrated debit and credit card payments eliminating traditional entry barriers.
This MOVE signals GroveX's push to capture market share by reducing friction in crypto onboarding—a persistent industry challenge. The exchange's focus on simplicity mirrors broader trends as platforms compete to attract retail investors amid growing institutional adoption.
