PANews reported on July 16 that according to BigONE’s announcement, some assets on the BigONE platform were abnormally transferred early this morning, which was confirmed to be caused by a third-party attack on the hot wallet. The platform has locked the attack path and contained the risk, with an estimated loss of approximately US$27 million. The system is currently recovering, and the recharge and trading services will be restarted within a few hours, and the withdrawal function will be restored after security reinforcement. BigONE promises to use its own security reserves to fully compensate users for their losses, and user assets will not be substantially affected. Affected assets include 120 BTC, 350 ETH, more than 8.5 million USDT (multi-chain), as well as SHIB, SOL, DOGE, etc. The platform is replenishing the funding pool through internal reserves and external lending mechanisms, and promises to continue to disclose subsequent progress transparently.