Blockchain crime investigator ZachXBT commented on the incident, underlining BigONE’s role in processing significant volumes of proceeds coming from romance baiting and investment scams, saying that such hacks may help bring “a natural cleanse” in the space. Cryptocurrency exchange BigONE disclosed that hackers stole various digital assets valued at $27 million in an attack yesterday. Meanwhile, blockchain observatory Lookochain reports that the hackers have already engaged in money laundering and exchanged the stolen assets for 120 Bitcoin, 1272 Ether, 2,625 Solana, and 23.3 million Tron. Also, no information has been shared about how exactly the threat actors hacked the exchange and stole the funds but SlowMist said that the exchange was the victim of a supply-chain attack. Bill Toulas Bill Toulas is a tech writer and infosec news reporter with over a decade of experience working on various online publications, covering open-source, Linux, malware, data breach incidents, and hacks. “In the early hours of July 16, BigONE detected abnormal movements involving a portion of the platform’s assets,” reads the announcement. A few hours later, BigONE administrators announced that deposit and trading services had been fully restored following the cyberattack, and withdrawal and OTC functions will be re-enabled shortly (haven’t as of writing). BigONE partnered with security firm SlowMist to track the stolen funds and monitor their movement across blockchains. ByBit's $1.5B hack played a key role in achieving this record-breaking figure, giving North Korean threat actors the leading position so far this year. Chainalysis highlighted a notable trend where hackers now focus more on personal wallets, which account for 23.35% of all stolen funds this year. The platform announced that private keys and user data remain unaffected by the intrusion and any customers that incurred losses will be reimbursed from available reserves. Earlier today, Chainalysis published its 2025 mid-year crypto crime report, reporting that over $2.17 billion has been stolen so far, already more than all of 2024.
This Cyber News was published on www.bleepingcomputer.com. Publication date: Thu, 17 Jul 2025 16:55:24 +0000