US EditionCrypto Exchange BtcTurk Experiences $48M Worth of Suspicious Outflows Amid Hack Fears
BtcTurk suspended crypto deposits and withdrawals after hackers moved $48 million from hot wallets across multiple blockchain networks, with funds consolidated into two addresses, cybersecurity firms said.
- Around August 14, 2025, Cyvers Alerts flagged about $48 million in suspicious cryptocurrency outflows from BtcTurk, prompting suspension of deposits and withdrawals.
- Cyvers reported multiple network alerts, with most funds moved into two addresses, spanning Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle and Polygon, roughly 30 minutes before the warning.
- CertiK estimates the damage could exceed $50 million and identified three wallets—two Ethereum addresses and one Solana address.
- BtcTurk assured users that cryptocurrency trading and Turkish lira deposits and withdrawals remain uninterrupted, and most assets are in secure cold wallets, as authorities are informed.
- Recorded transfers reveal this incident follows a June 2024 hack and highlights ongoing security vulnerabilities at BtcTurk, Turkey’s largest crypto exchange.
25 Articles
25 Articles
BTCTurk Halts Crypto Transfers After $48 Million Multi-Chain Hot Wallet Breach
BTCTurk halted crypto transfers after a suspected $48 million exploit hit its hot wallets across several networks. The attacker moved stolen assets into Ethereum and liquid tokens with funds traced to two main Ethereum wallets. The breach also involved Solana where a tagged wallet called PNUT Whale held meme tokens SOL and stablecoins. BTCTurk has paused cryptocurrency deposits and withdrawals after a suspected exploit affecting its hot wallets.…
BtcTurk Halts Withdrawals After Suspected $48M Hack – MAXBIT
BtcTurk halts withdrawals after a $48M hack, raising serious concerns about security in Turkey’s fast-growing cryptocurrency market. A significant cybersecurity incident has shaken the cryptocurrency community as Turkish exchange BtcTurk, one of the country’s leading platforms, confirmed a major hack resulting in the loss of approximately $48 million in digital assets on 14 August. The...
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