Turkish crypto alternate BtcTurk has been focused by a serious cyberattack, which resulted within 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.
A lot 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 put up on X, emphasizing that solely scorching wallets had been affected. The agency is likely one of the largest crypto exchanges within 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 scorching wallets. As a precaution, cryptocurrency deposit and withdrawal transactions have been quickly suspended. These companies shall 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 carefully with cybersecurity groups to safe its infrastructure.
This assault follows an analogous incident roughly a 12 months in the past, when BtcTurk’s scorching wallets had been focused, leading to vital losses of greater than $55 million.
At the moment, the alternate clarified that solely a portion of ten cryptocurrencies in scorching wallets had been affected, whereas chilly pockets holdings remained untouched.
Centralized exchanges underneath assault
This newest BtcTurk hacking incident provides to the rising checklist of assaults centralized crypto buying and selling platforms have skilled this 12 months.
Earlier within the 12 months, Bybit, one of the vital outstanding 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.
