According to Crypto Rover, the cryptocurrency exchange BigONE has reportedly suffered a major security breach, resulting in a loss of $27 million. The source indicates that the hack specifically targeted the exchange's hot wallet. For traders, this incident highlights the significant security risks associated with holding assets on centralized exchanges and could potentially impact user confidence and trigger increased withdrawal activity from the platform. This event serves as a critical reminder of the importance of robust security measures and the potential for market volatility following such breaches.

According to @lookonchain, the BigONE exchange has suffered a major security breach resulting in losses exceeding $27 million. On-chain analysis reveals the hacker has consolidated the stolen assets into several major cryptocurrencies, specifically 120 BTC (approximately $14.15 million), 23.316 million TRX (approximately $7.01 million), 1,272 ETH (approximately $4 million), and 2,625 SOL (approximately $428,000). Traders should monitor the identified hacker addresses, as any movement or liquidation of these large sums could create significant selling pressure and localized price volatility for BTC, ETH, TRX, and SOL.