Turkish Crypto Exchange BtcTurk Witnesses $48M of Suspicious Outflows Amid Hack Fears

YahooFinance

2025-08-14 15:26:51

Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising fears of a potential hack.

The incident involved large transfers of ether (ETH), Avalanche’s AVAX (AVAX), Arbitrum’s ARB (ARB), Base (BASE), Optimism’s OP (OP), Mantle (MANTLE), and Polygon’s MATIC (MATIC), with the bulk of the funds consolidating into just two recipient addresses.

Blockchain monitoring system Cyvers flagged the activity, triggering alerts that suggested a targeted exploit rather than routine operational movements.

Cyvers added that it was in contact with Btcturk, which is taking “immediate action” and has suspended deposits and withdrawals.

View Comments

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments