NEW: The SEC just released an Investor Bulletin titled 'Crypto Asset Custody Basics for Retail Investors'It explains how crypto custody works, compares hot vs cold wallets and self custody vs third party custody, and outlines key risks, questions, and best practices to help retail safely store and protect their crypto. ...

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]