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Crypto exchange BigONE loses $27M in third-party attack

CointelegraphWednesday, July 16, 2025 at 7:52:39 AM
NegativeCryptocurrencycybersecurity
Crypto exchange BigONE loses $27M in third-party attack
BigONE, a cryptocurrency exchange, just got hit with a major security breach—someone attacked one of their third-party service providers and made off with $27 million from the exchange’s hot wallets. They’ve confirmed the incident, but details on how it happened are still scarce.
Editor’s Note: This isn’t just another "crypto hack" headline—it’s a reminder that even exchanges with solid security can be vulnerable if their partners slip up. Hot wallets (which are connected to the internet for quick transactions) are always a juicy target, and third-party risks are becoming a bigger headache for the industry. If you’re holding crypto on exchanges, this is yet another nudge to consider cold storage for anything you’re not actively trading.
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