Cryptocurrency exchange BigONE has confirmed a security breach resulting in the loss of $27 million from a hot wallet exploit. The exchange has pledged to reimburse affected users and is collaborating with blockchain security firm SlowMist to trace the stolen assets. Fund tracing efforts are underway across the Bitcoin network. BigONE is actively investigating the incident and implementing enhanced security measures to prevent future attacks. The incident highlights the ongoing security risks associated with cryptocurrency exchanges and the importance of robust cybersecurity protocols.