Turkish crypto trade BtcTurk has been focused by a significant cyberattack, which resulted within the theft of roughly $48 million in digital belongings.
On Aug. 14, blockchain safety agency Cyvers reported that the stolen funds had been moved throughout a number of networks, together with Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.
A lot of the belongings had been transferred to simply two addresses, the place the attacker has reportedly begun swapping them.
BtcTurk confirmed the hack in a publish on X, emphasizing that solely scorching wallets had been affected. The agency is among the largest crypto exchanges within the nation and has over 5 million customers.
In response to the agency:
“Throughout checks performed on August 14, 2025, uncommon exercise was detected in our scorching wallets. As a precaution, cryptocurrency deposit and withdrawal transactions have been quickly suspended. These providers shall be reactivated as soon as the work is accomplished.”
The corporate assured customers that the majority belongings stay safely saved in chilly wallets and that the incident won’t influence buyer holdings. It added that buying and selling operations and Turkish Lira transactions are persevering with usually.
BtcTurk furthered that the authorities have been notified and are coordinating intently with cybersecurity groups to safe its infrastructure.
This assault follows an analogous incident roughly a yr in the past, when BtcTurk’s scorching wallets had been focused, leading to vital losses of greater than $55 million.
At the moment, the trade clarified that solely a portion of ten cryptocurrencies in scorching wallets had been affected, whereas chilly pockets holdings remained untouched.
Centralized exchanges beneath assault
This newest BtcTurk hacking incident provides to the rising listing of assaults centralized crypto buying and selling platforms have skilled this yr.
Earlier within the yr, Bybit, some of the distinguished crypto exchanges, suffered a hack that stole roughly $1.5 billion in Ethereum tokens.
Since then, different main crypto buying and selling platforms like India-based CoinDCX have additionally misplaced over $44 million.
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