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 PeckShieldAlert, the cryptocurrency exchange BigONE has been exploited, resulting in a loss of approximately $28 million in digital assets across several blockchains. The security breach involved the theft of $14 million in Bitcoin (BTC), $7 million in various cryptocurrencies from Ethereum and BNB Chain which were later consolidated on the Ethereum network via a cross-chain bridge, $7 million in TRON (TRX), and $500,000 in Solana (SOL). Traders should monitor the movement of these stolen funds, as their liquidation could introduce selling pressure on the respective assets.

According to @lookonchain, the BigONE exchange has been hacked, resulting in a loss of over $27 million. On-chain data indicates the hacker has already swapped the stolen assets into major cryptocurrencies, including 120 BTC valued at $14.15 million, 23.316 million TRX worth $7.01 million, 1,272 ETH valued at $4 million, and 2,625 SOL worth $428,000. Traders should be aware that the movement of these illicit funds could introduce potential selling pressure on the markets for BTC, ETH, TRX, and SOL, and should monitor the provided hacker addresses for any activity.