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BigONE $27M Breach—Supply Chain Compromised
Seychelles-based BigONE confirmed a major exploit in July where hackers breached a software update mechanism, injecting a malicious payload that enabled hot wallet extraction. Assets lost included Bitcoin, Ethereum, USDT, SOL, and XIN—valued at ~$27 million.
Though BigONE pledged to refund users in full, investigations revealed a lapse in their endpoint access policies and API credential logging. Blockchain analysis firms believe credentials were exfiltrated via a compromised 3rd-party dev tool with improper permission scopes.
Following the attack, BigONE suspended trading for 48 hours, migrated wallet architecture, and mandated 2FA and biometric auth for all withdrawals.
Reminder: Never use dev/test credentials on live wallets. All wallet keys must be isolated from the software supply chain.
Cashtags: $SOL, $ETH
Hashtags: #CEXHack #HotWalletRisk #CryptoSafety
Seychelles-based BigONE confirmed a major exploit in July where hackers breached a software update mechanism, injecting a malicious payload that enabled hot wallet extraction. Assets lost included Bitcoin, Ethereum, USDT, SOL, and XIN—valued at ~$27 million.
Though BigONE pledged to refund users in full, investigations revealed a lapse in their endpoint access policies and API credential logging. Blockchain analysis firms believe credentials were exfiltrated via a compromised 3rd-party dev tool with improper permission scopes.
Following the attack, BigONE suspended trading for 48 hours, migrated wallet architecture, and mandated 2FA and biometric auth for all withdrawals.
Reminder: Never use dev/test credentials on live wallets. All wallet keys must be isolated from the software supply chain.
Cashtags: $SOL, $ETH
Hashtags: #CEXHack #HotWalletRisk #CryptoSafety
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