Mr. Mark Binns reports

Bigg Digital Assets Inc. owns Netcoins, the on-line cryptocurrency brokerage that makes it easy for North Americans to buy, sell and understand cryptocurrency, and Blockchain Intelligence Group, a cryptocurrency compliance and intelligence company.

On Sept. 17, 2023, Netcoins was the target of a cybersecurity incident. Netcoins' internal control systems, designed to monitor crypto asset withdrawals, detected suspicious activity on Netcoins' hot wallets. Netcoins' automated systems blocked attempted crypto withdrawals outside of preset, tightly controlled permitted limits, and immediately notified Netcoins staff. Upon internal investigation, it was determined that a bad actor had gained access to the Netcoins network. Netcoins took steps to remove the unauthorized user and reinforce the security of its network. The vulnerability was addressed by the Netcoins team within the hour.

No customer funds or crypto assets were compromised. The coins withdrawn by the bad actor were solely from Netcoins' operational float, valued at an estimated $343,000. All subsequent crypto asset withdrawals have been reviewed, verified and performed manually for an added layer of security.

Netcoins also identified an unauthorized attempt to remove customer personal information during the incident, and Netcoins is currently working with cybersecurity experts to investigate whether this did occur.

As a precautionary measure, Netcoins performed a hard reset on all customer passwords and required all users to set up new credentials for the platform following this event. Netcoins has updated all of its internal passwords, password management system, tokens and keys for its network to prevent any further access.

Netcoins continues to operate as normal with enhanced procedures in place to ensure protection for its valued customers. All customer crypto assets and customer funds are securely held 1 to 1 by Netcoins.

Netcoins is conducting, with the assistance of third party cybersecurity experts, a forensic investigation into the cause and scope of the incident. The investigation is continuing, and law enforcement has been notified.

The security of its customers and other stakeholders remains its utmost priority.

About Bigg Digital Assets Inc.

Bigg Digital believes the future of crypto is a safe, compliant and regulated environment. Bigg Digital invests in products and companies to support this vision. Bigg Digital has three portfolio companies: Netcoins, Blockchain Intelligence Group and TerraZero Technologies Inc.

Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on its technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.

Netcoins offers safe and secure crypto trading in Canada and the United States, with a mission to make cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins has a robust product offering with crypto trading (United States and Canada), Netcoins pay (Canada) and Netcoins staking (Canada). Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading through its cutting-edge mobile and Web applications.

TerraZero is a vertically integrated metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences. TerraZero's metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, metaverse platforms and Web3 creators can seamlessly bridge and actionably expand their virtual world and the physical world endeavours together as one. TerraZero owns digital real estate for brands to establish presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero's businesses are segmented into five divisions, which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation and drive adoption.

We seek Safe Harbor.