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 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.

According to the source, the Iranian cryptocurrency exchange Nobitex has suffered a major security breach, resulting in the theft of nearly $47 million in assets. An Israeli-linked hacking group known as Gonjeshke Darande, or Predatory Sparrow, has claimed responsibility for the attack. The group stated the attack was politically motivated, accusing Nobitex of being a 'core part of the regime’s terror financing network' used to evade international sanctions. The stolen funds, which included tokens from Bitcoin (BTC), EVM-compatible chains, Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), were reportedly sent to burner addresses, making recovery highly improbable. Compounding the issue for traders, the hackers followed through on their threat and released the full source code for the exchange, including internal privacy settings and server lists. This leak exposes any remaining user assets to extreme risk from other malicious actors. Nobitex confirmed the attack and stated it plans to restore services, but faces a severe credibility crisis and potential further losses for its users.