tl;dr
Cryptocurrency exchange BigONE suffered a $27 million loss due to a third-party attack on its hot wallet, affecting assets like Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. BigONE is working with security firm SlowMist to recover the funds. In 2025, several major crypto hacks occurred, includ...
Cryptocurrency exchange BigONE fell victim to a third-party attack on its hot wallet, resulting in a staggering loss of $27 million, according to security firm SlowMist. The platform, which supports trading in over 180 cryptocurrencies, detected unusual activity involving assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB)—the latter two being prominent meme coins. In response, BigONE has partnered with SlowMist to trace and recover the stolen funds.
2025 has seen several high-profile crypto hacks, underscoring ongoing security vulnerabilities in the industry. Earlier this year, major exchange Bybit suffered an unprecedented $1.5 billion breach, later attributed by the FBI to North Korean hackers. Phemex also experienced significant losses, with hot wallets drained of $85 million across multiple blockchains in January. Other notable incidents include hacks targeting Cetus Protocol for $225 million, Infini for $49 million, and Moby for $2.5 million. The Bybit and Cetus Protocol breaches alone represent the bulk of crypto hacking losses recorded this year.
These events highlight the growing importance of security measures within cryptocurrency exchanges, especially concerning hot wallets that remain connected to the internet and thus vulnerable to cyberattacks. Investors and platforms alike continue to navigate this challenging landscape, balancing accessibility with robust protection to safeguard digital assets.