About $ 48 million value of cryptocurrency has been moved from wallets tied to Turkish exchange Btcturk, which raises worries it may have hacked.
The incident involved large ether transfers (Eth)Avalanche’s Avax (Avax)Arbitum Arb (Arb)Base (Basis)Optimism’s up (Up)Mantle
and Polygons Matic (Matic)with the majority of the funds consolidating to only two receiving addresses.
Btcturk said in an update of X that “unusual activity was discovered” in the hot wallets of the exchange.
“As a caution is Cryptocurrency Inclusion and withdrawal transactions Temporarily suspended. They will be opened again when work is completed,” it said.
“The vast majority of assets are stored in safe cold wallets. Thanks to BTCTUM’s strong economic structure, users’ assets will not be affected by this situation.”
The assumed utilization or hack marks another block in the crypto industry after cryptoinvestors lost $ 3.1 billion for hacks and fraud in the first half of this year, the largest of which was the $ 1.46 billion violation of rival exchange.
Blockchain monitoring system Cyvers marked the activity and triggered warnings that suggested a targeted exploitation rather than routine operational movements.
Cyvers added that it was in contact with BTCTURK taking “instant action.”
Update (14 August 15:26 UTC): Adds quote from BTCTURK’s X -Side, section on cryptohacks in 2025.
