Major Turkish Crypto Exchange BtcTurk Allegedly Hacked for Nearly $50 Million

Major Turkish Crypto Exchange BtcTurk Allegedly Hacked for Nearly  Million

BtcTurk Pro, a leading Turkish cryptocurrency exchange, is investigating a security breach involving approximately $48 million in suspicious fund outflows. The incident has prompted the platform to suspend all deposits and withdrawals, raising concerns within the crypto community. #BtcTurkPro #CryptocurrencyTheft

Keypoints

  • BtcTurk Pro detected unusual fund movements totaling around $48 million, prompting an immediate security response.
  • The exchange temporarily suspended all deposit and withdrawal operations to safeguard user assets.
  • Security firm Cyvers Alerts first reported the suspicious activity from wallets connected to BtcTurk.
  • The exchange assured users that most assets are securely stored offline and that their funds remain protected.
  • Suspected attackers moved various cryptocurrencies across multiple blockchains, including ETH, AVAX, ARB, BASE, OP, MNT, and MATIC, to launder the funds.

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