ChainCatcher news, Singapore cryptocurrency company BIGG Digital Assets announced that its cryptocurrency trading platform Netcoins experienced a cyber attack on September 17. The internal control system detected suspicious activity in Netcoins' hot wallet, preventing attempts to withdraw cryptocurrency beyond preset limits, and immediately notified the staff. After an internal investigation, it was determined that a malicious actor accessed the Netcoins network. Netcoins has taken measures to remove unauthorized users and strengthen the security of its network.The vulnerability has now been resolved, and no customer funds or crypto assets were harmed. The coins extracted by the malicious actor only came from Netcoins' operational circulation, estimated to be worth CAD 343,000 (approximately USD 254,000). The malicious actor also unauthorizedly deleted customer personal information during the incident, and this is under investigation. As a precaution, Netcoins has performed a hard reset of all customer passwords and requires all users to set new credentials to access the platform following this incident. Netcoins is investigating the cause and scope of the incident with the assistance of third-party cybersecurity experts and has notified law enforcement.

ChainCatcher news, according to the Q2 financial report released by Canadian listed company BIGG Digital Assets (BIGG), its total revenue for the quarter was $1.35 million, of which its cryptocurrency trading platform Netcoins generated $1.02 million, and Blockchain Intelligence Group generated $330,000.As of June 30, 2023, BIGG Digital Assets had $12.3 million in cash and cryptocurrencies in its treasury, with no debt. In addition, Netcoins currently holds approximately $66 million in customer assets.