BigONE: The system is gradually recovering, deposit and trading services will restart within a few hours.

PANews, July 16 news, according to BigONE announcement, early this morning, some assets on the BigONE platform experienced abnormal transfers, confirmed to be caused by a third-party attack on the Hot Wallet. The platform has locked down the attack path and mitigated risks, with estimated losses of around 27 million USD. The system is gradually recovering, with deposit and trading services expected to resume within hours, while the withdrawal function will resume after security reinforcement. BigONE promises to use its own security reserves to fully compensate user losses, and user assets will not be substantially affected. Affected assets include BTC, ETH, USDT, SOL, XIN, etc. The platform is supplementing the funds through internal reserves and external lending mechanisms and commits to continuously and transparently disclose subsequent developments.