Seychelles-based BigONE exchange suffered a $27 million hot wallet hack affecting Bitcoin, Ethereum, USDT, SOL, and XIN. The platform has suspended deposits and trading, assuring users that cold storage and private keys remain secure. BigONE pledges to cover all losses in full using internal reserves and borrowed funds to maintain liquidity.
The crypto markets experienced a significant surge following President Trump's announcement of the US Crypto Strategic Reserve, including XRP, SOL, and ADA. With Bitcoin crossing $93,000, this move marks a pivotal shift in US policy towards digital currencies, aiming to position the nation as a global crypto hub.