July 16, 2025
Crypto Exchange Bigone Confirms $ 27m Hack, Vows Full User Compensation thumbnail
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Crypto Exchange Bigone Confirms $ 27m Hack, Vows Full User Compensation

Bigone Is Working with Blockchain Security Firm Slowmist to Tracters the Stolen Assets, With Fund Tracking Already Underway Across Bitcoin, Ethereum, Tron, Solana, and Bnb Chain.”, – WRITE: www.coindesk.com

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Bigone Is Working with Blockchain Security Firm Slowmist to Tracters the Stolen Assets, With Fund Tracking Already Underway Across Bitcoin, Ethereum, Tron, Solana, and Bnb Chain.Updated Jul 16, 2025, 8:13 AM Publissed Jul 16, 2025, 8:01 AM

Hacker Working on Two Laptops (Azamat E/Unsplash)

What to Know:

  • Crypto Exchange Bigone Experienced A $ 27 Million Breach Due to A Hot Wallet Exploit on July 16, But All User Funds Will Be Reimbursed.
  • Bigone is collaboration with Blockchain Security Firm Slowmist to Trace The Stolen Assets Across Multiple Blockchains, Including Bitcoin and Ethereum.
  • User Balans Remain Safe, with Deposits and Trading Expectioned to Resume Soon, Thought Will be Delayed for Additional Security Measures.
Crypto Exchange Bigone Has ConfirMed A $ 27 Million Breach Stemming from A Hot Wallet Exploit On July 16 and States that All User Funds Will Be Fully Reimbursed.

In an Official Statement, The Exchange SAID IT DETICTED “ABNORMAL MOVEMENTS” Tied to a Third-Party Attack and Has Since Identified and Contained the Vasteror. All Private Keys Remain Secure, and No Addrational Losses Are Expectioned.

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⚠️ Security incident: Unauthorized Access to Our Hot Wallet

All user assets are safe. Bigone Will Fully Bear All The Losses. Trading and Deposits Will Resume Soon; withdrawals After Added Security Upgrades.

🔗 https://t.co/cwcrng2kk8

– Bigone (@bigoneExchange) July 16, 2025

Bigone Is Working with Blockchain Security Firm Slowmist to Trachets the Stolen Assets, With Fund Tracking Already Underway Across Bitcoin, Ethereum, Tron, Solana, and Bnb Chain, Per A Release.

WHAT WAS SOLEN?The Stolen Tokens Span Across Major and Minor Assets, Including:

  • 120 BTC
  • 350 ETH
  • 9.5b shib
  • 7.1m USDT (Multi-Chain)
  • 538,000 Doge
  • 1,800 SOL
  • 1 wbtc
  • 20.730 Xin
  • 15.7m Celr
  • 25.487 UNI
  • 16,071 LEO

Bigone Said User Balances Are Safe, and All Losses Will Be Covered in Full Using A Combination of International Reserves (BTC, ETH, SOL, USDT, XIN) and External Borrowing to Restore Liquing.

Deposits and trading are experted to resume with hours, but withdrawals will be delayed Until Further Security Reinforcements Are Complete.

“We Sincerely Apologize for the Impact This Incident May have caused,“ The Team Wrote. “All Investigation Progress and Handling Results Will Be Communicated With Full Transparency.”

The Incident Marks Yet Another Major Major Exchange Hack in 2025, Pushing Total Crypto Exploit Losses Beyond $ 2.1 Billion for the Year.

Read More: Crypto Investors LOST $ 2.5B TO HACKS AND SCAMS IN THE FIRST HALF OF 2025: CERTIK

Shaurya Malwa

Shaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis.

Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.

He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.

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Shaurya Malwa

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