A Turkish cryptocurrency platform, BTCTurk, temporarily halted deposits and withdrawals following a security breach involving the theft of $49 million. The incident saw most funds, particularly Ethereum, siphoned out, but user assets remain protected in cold wallets. #BTCTurk #Ethereum #cryptoheist #Turkey
Keypoints
- BTCTurk experienced a security incident, resulting in the loss of $49 million in cryptocurrency.
- Most stolen funds were in Ethereum, exceeding $38.6 million, with additional cryptocurrencies also affected.
- The platform has suspended deposits and withdrawals temporarily but assures user assets are safe in cold wallets.
- Law enforcement has been notified, and an investigation is underway to determine the breach’s cause.
- This incident follows recent high-profile crypto thefts, with total losses surpassing $2 billion in the first half of 2025.
Read More: https://therecord.media/turkish-crypto-exchange-warns-cyber-incident