Turkish cryptocurrency exchange BtcTurk on 14 August halted all crypto deposits and withdrawals after detecting unauthorized transfers of about $48 million to $49 million from its hot wallets, according to statements from the company and blockchain-analytics firms. Monitoring groups Cyvers, CertiK and PeckShield traced large outflows involving Ether, Avalanche and several Ethereum layer-2 tokens across at least seven chains. Much of the stolen value was consolidated into two to three addresses, and the attacker has begun swapping the assets for Ether, making recovery more difficult. BtcTurk said the breach was confined to hot wallets and that the âvast majorityâ of customer holdings remain in cold storage. Trading in crypto pairs and Turkish-lira transactions continue to operate, while the exchange coordinates with law-enforcement and cybersecurity teams as the investigation proceeds. The incident comes just over a year after BtcTurk suffered a $54 million exploit, underscoring the persistent security risks facing centralized exchanges even as the industry steps up safeguards.
BtcTurk suspends operations amid alleged $49M hot wallet heist https://t.co/dsQhwQpj2s
đ¨ LATEST: According to Lookonchain, BtcTurk has been hacked for over $23 million, with the attacker swapping the stolen funds for $ETH. https://t.co/S79Vb1YCMf
Hacked Again? BtcTurk Suspends Withdrawals After $49 Million in Suspicious Transfers âş https://t.co/xElcARpoiC https://t.co/xElcARpoiC