Centralized crypto exchange BigONE is facing scrutiny from blockchain sleuth ZachXBT today, July 16, after the exchange suffered a multi-million dollar hack.

After reports emerged that the CEX had lost $27 million in an attack, the well-known on-chain investigator responded by accusing BigONE of enabling large-scale scam activity for months before the exploit.

In a series of X posts today, ZachXBT, known for tracking illicit crypto flows, alleged that BigONE has processed at least $60 million in scam-related funds through a single deposit address last year.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io