BtcTurk hack sees $48 million in crypto vanish from hot wallets

Turkish crypto trade BtcTurk has been focused by a serious cyberattack, which resulted in the theft of roughly $48 million in digital property.

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.

Many of the property had been transferred to only two addresses, the place the attacker has reportedly begun swapping them.

BtcTurk confirmed the hack in a submit on X, emphasizing that solely hot wallets had been affected. The agency is without doubt one of the largest crypto exchanges in the nation and has over 5 million customers.

In line with the agency:

“Throughout checks performed on August 14, 2025, uncommon exercise was detected in our hot wallets. As a precaution, cryptocurrency deposit and withdrawal transactions have been briefly suspended. These providers might be reactivated as soon as the work is accomplished.”

The corporate assured customers that almost all property stay safely saved in chilly wallets and that the incident won’t affect 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 the same incident roughly a 12 months in the past, when BtcTurk’s hot wallets had been focused, ensuing in vital losses of greater than $55 million.

At the moment, the trade clarified that solely a portion of ten cryptocurrencies in hot wallets had been affected, whereas chilly pockets holdings remained untouched.

Centralized exchanges underneath assault

This newest BtcTurk hacking incident provides to the rising record of assaults centralized crypto buying and selling platforms have skilled this 12 months.

Earlier in the 12 months, Bybit, one of the distinguished crypto exchanges, suffered a hack that stole approximately $1.5 billion in Ethereum tokens. 

Since then, different main crypto buying and selling platforms like India-based CoinDCX have additionally lost over $44 million.

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