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Taiwan's BitoPro hit by NT$345 million cryptocurrency hack https://t.co/6t7iThMl2o
🚨NOT ALL VOLUME IS REAL Bybit lost $1.5B in the largest DeFi exploit ever. North Korea’s Lazarus Group moved it fast. LiFi and other bridges saw record activity. But it wasn’t growth. It was laundering. Here’s how DPRK is gaming DeFi metrics — and why it matters: 👇 https://t.co/rnJOIdVcBP
Crypto exchange BitoPro belatedly discloses $11.5 million hack June 2, 2025 https://t.co/OJtLihuhZs
Taiwan-based cryptocurrency exchange BitoPro disclosed a hack involving unauthorized withdrawals totaling approximately $11.5 million on May 8, 2025. The breach affected hot wallets across multiple blockchain networks including Ethereum, Tron, Solana, and Polygon, with stolen assets comprising ETH, USDT, and USDC. These funds were subsequently laundered through platforms such as ChangeNOW and Maya Protocol. The exchange took nearly three weeks to publicly acknowledge the incident. The hack corresponds to about NT$345 million in losses. This event highlights ongoing security challenges faced by crypto exchanges amid increasing cyber threats.
