Bitcoin

Hot Wallet Exploit Costs BigONE $27M as Security Experts Flag Major Flaws

The comments on the security incident identified several weaknesses, including unique failure points in the management of the portfolio, inadequate checks of code integrity, pre-transaction failures and a low segregation of the elements of the system. Consequently, the CYVers learned that the stolen resources were immediately transferred to Weth and crossed new mediators, indicating an intention to hide the source, then used on decentralized exchanges.

Yehor Rudytsia, a chain security researcher at Hacken, said the two security measures should be improved in CI / CD pipelines and response protocols to automated incidents. According to him, these are some of the measures necessary to block these violations and preserve digital assets.

is yet another addition to an increasingly long list of hacks linked to crypto. The losses suffered due to cyber attacks, scams and exploits exceeded $ 2.47 billion in 2025 only, compared to the losses of the previous year, and they should be higher in the coming year.

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