Seychelles-based crypto trade BigONE, which at the moment claimed it misplaced $27 million to hackers, remains to be accepting multi-million-dollar deposits from the identical pig butchering gangs it’s already tried to cease.
That’s in accordance with crypto sleuth ZachXBT, who criticized the trade for processing substantial funds derived from varied crypto funding scams.
These funds embody $60 million despatched to a single BigONE deposit handle.
In response, BigONE claimed that it froze a portion of the belongings on the time and that it’s cooperating with regulation enforcement businesses.
ZachXBT, nevertheless, famous that the scammers used the account in query for seven months with none penalties.
He added, “Now the same pig butchering group uses a new BigONE deposit address that has received $4.5 million from scams over the past week.”
sizzling take: if extra sketchy offshore exchanges get hacked for big sums it will be helpful for the business (MEXC, Kucoin, and so forth) bc it will be a pure cleanse with out authorities overreach
— ZachXBT (@zachxbt) July 16, 2025
BigONE disclosed the hack on X earlier at the moment. It stated person belongings had been secure and that it will bear the price of the hack.
The exploit focused a sizzling pockets containing BigONE’s belongings, together with $14 million price of bitcoin, $8.5 million price of tether, and $1.1 million price of ether.
In line with crypto safety agency SlowMist, the hackers utilized a provide chain assault and modified the working logic of account and threat control-related servers, permitting them to withdraw the funds.
No non-public keys had been leaked within the course of, and BigONE claims its varied providers, together with buying and selling and asset withdrawals, will resume operation incrementally “to ensure a safe and orderly restoration of services.”
