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BigONE: System Recovery Underway, Trading and Deposit Functions to Resume Within Hours, Promises Full Compensation for User Losses

Summary: According to reports, BigONE announced that in the early hours of July 16, its hot wallet was attacked by a third party, resulting in a loss of approximately $27 million in assets. All private keys were not compromised, the attack vector has been identified and contained, with no further risk of loss. The platform is ...

According to reports, BigONE announced that in the early hours of July 16, its hot wallet was attacked by a third party, resulting in a loss of approximately $27 million in assets. All private keys were not compromised, the attack vector has been identified and contained, with no further risk of loss. The platform is collaborating with SlowMist to track the flow of funds, and currently the system is undergoing recovery, with trading and deposit functions set to resume within hours, and withdrawals to be opened after reinforcement. BigONE has stated it will fully compensate for the losses incurred in this incident, ensuring no substantial impact on user assets. Additionally, BigONE has disclosed detailed information on the stolen assets in the article.

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