Crypto Exchange BigONE Loses $27M in Supply Chain Hack—SlowMist Investigates

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Another major crypto exchange has fallen victim to hackers, with BigONE losing $27 million in a sophisticated supply chain attack.

According to SlowMist, the attackers did not steal private keys but instead hijacked the exchange’s operational servers, altering risk controls to siphon funds from hot wallets. The stolen assets include BTC, ETH, SOL, USDT, and multiple altcoins.

BigONE acknowledged the breach Wednesday, calling it a “third-party attack” but provided few details on how it happened or whether users would be compensated.

This incident highlights the rising threat of supply chain exploits, where hackers infiltrate backend systems rather than targeting wallets directly.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.