- Hackers converted stolen assets into BTC ($14.15M), TRX ($7.01M), ETH ($4M), and SOL ($428K).
- BigONE suspended services and activated security reserves to prevent further losses.
- Affected users will be fully compensated, with additional liquidity sourced externally for token restoration.
BigONE exchange has confirmed a major security breach involving the loss of approximately $27 million in digital assets. The exploit, detected during routine monitoring, prompted an immediate halt to all deposit and withdrawal services to contain the impact. Initial investigations indicate that the attacker exchanged the stolen assets into multiple tokens shortly after the breach.
The converted funds include 120 BTC valued at $14.15 million, 23.316 million TRX worth $7.01 million, 1,272 ETH totaling $4 million, and 2,625 SOL worth $428,000. These conversions occurred rapidly and are now under close surveillance. The exchange emphasized that private key infrastructure remained secure throughout the incident, and the attack vector has since been identified and sealed.
BigONE, SlowMist Track Stolen Funds Amid Security Recovery
To track the stolen funds, BigONE is collaborating with blockchain security firm SlowMist. The firm is helping trace wallet addresses linked to the attacker. All movements involving the converted assets are being monitored in real-time. This collaboration also includes identifying off-ramp attempts to prevent further loss.
The internal security team confirmed that the platform’s core systems remain intact. Recovery procedures are already in progress, with full system functionality expected to resume within hours. Deposit and trading functions will return first, while withdrawals will remain offline until additional reinforcements are completed.
BigONE Taps Reserves to Cover Losses, Plans Token Recovery
To address the asset shortfall, BigONE has activated internal security reserves composed of BTC, ETH, USDT, SOL, and XIN. These funds will be used to replenish user wallets and restore platform balance. For other tokens affected in the breach, the exchange is seeking external liquidity through borrowing strategies.
According to the exchange, no user will suffer material loss. The full compensation process includes both mainstream and non-mainstream assets. These measures aim to stabilize asset pools and restore operations without long-term impact. Updates will follow as withdrawal services resume following final security updates.
