BigONE’s $27 Million Hack: A Crypto Cautionary Tale 🚨💰

So, BigONE, the crypto exchange that’s been more controversial than a pineapple on pizza, just got hacked. But hey, who’s surprised? It’s like finding out the cat knocked over the milk again—annoying, but expected. 🐱🥛

Still, this little mishap adds to the ever-growing list of crypto heists, reminding us all to keep our digital wallets as secure as Fort Knox. Or, you know, at least as secure as your grandma’s cookie jar. 🏺🍪

BigONE Hacked for $27 Million, ZachXBT Alleges Scam Ties

BigONE, the crypto exchange that’s been more controversial than a pineapple on pizza, just got hacked. Over $27 million in digital assets were stolen and swapped into Bitcoin (BTC), Ethereum (ETH), TRON (TRX), and Solana (SOL), according to on-chain tracker Lookonchain.

The hacker’s wallets now hold 120 BTC ($14.15 million), 23.3 million TRX ($7 million), 1,272 ETH ($4 million), and 2,625 SOL ($428,000). That’s a lot of digital dough, enough to buy a small island or, you know, a really fancy yacht. 🏝️🛥️

The #BigONE exchange was hacked and lost over $27M.

Currently, the hacker has exchanged the stolen assets for 120 $BTC($14.15M), 23.316M $TRX($7.01M), 1,272 $ETH($4M) and 2,625 $SOL($428K).

Address:
bc1qwxm53zya6cuflxhcxy84t4c4wrmgrwqzd07jxm
TCAfB8jHbJ56xwmfwKwWEs8HLRjbC2GfHG…

— Lookonchain (@lookonchain) July 16, 2025

In the minutes leading up to this confirmation, the security team from Certik Alerts flagged large token outflows from BigONE. According to the team, the bad actor now holds approximately $4 million worth of ETH as of two hours ago.

While the incident marks another high-profile centralized exchange exploit, it has also stirred controversy. Renowned blockchain investigator ZachXBT claimed BigONE previously processed significant volume tied to pig butchering, romance, and investment scams.

“I do not feel bad for the team as this CEX processed a good bit of volume from pig butchering, romance, investment scams,” the blockchain sleuth stated.

The hack adds to a growing wave of exchange security breaches and raises new questions about platform integrity. It’s like finding out your local bank has been letting robbers practice their getaway plans. 🏦🏃‍♂️

BigONE to Cover All Losses

Investigators continue to track the stolen assets as the attacker attempts to move them across chains and exchanges.

According to the exchange, the attacker targeted their hot wallet, but all user assets are reportedly safe.

Meanwhile, BigONE has committed to bearing all the losses but has halted all trading and deposits for the time being. It’s like when your internet goes down, and you’re stuck watching reruns of The Office. 📺💻

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2025-07-16 09:46