RT BSCN (@BSCNews)THE $48M BTCTURK HACK: WHAT WE KNOW- BtcTurk, one of Turkey’s largest crypto exchanges, has been hit by a $48M theft targeting its hot wallets, per blockchain security firm Cyvers.- The breach, detected on Aug. 14, forced the exchange to halt all crypto deposits and withdrawals. Trading and Turkish Lira transactions continue.- Blockchain security firm Cyvers says the attacker moved funds across Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.- Most assets landed in two a ...

Security Breach Incident - BtcTurk, a major Turkish crypto exchange, suffered a $48 million theft targeting its hot wallets [1] - The breach, detected on August 14th, led to the suspension of all crypto deposits and withdrawals [1] - Authorities were notified, and cybersecurity teams are working to contain the damage [2] - BtcTurk emphasizes that cold wallets remain secure and user balances are unaffected [2] Attack Details - The attacker moved funds across multiple blockchains including Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon [1] - Most assets were consolidated into two addresses, with the hacker reportedly swapping them into Ether [2] Industry Context - BtcTurk was previously targeted in June 2024, with hackers stealing $55 million from hot wallets [2] - The latest breach is part of a growing trend of attacks on centralized exchanges, including Bybit's $15 billion loss in Ethereum [3]