Turkish crypto change BtcTurk has been focused by a significant cyberattack, which resulted within the theft of roughly $48 million in digital belongings.
On Aug. 14, blockchain safety agency Cyvers reported that the stolen funds have been moved throughout a number of networks, together with Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.
Many of the belongings have 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 sizzling wallets have been affected. The agency is without doubt one of the largest crypto exchanges within the nation and has over 5 million customers.
In accordance with the agency:
“Throughout checks performed on August 14, 2025, uncommon exercise was detected in our sizzling wallets. As a precaution, cryptocurrency deposit and withdrawal transactions have been quickly suspended. These companies might be reactivated as soon as the work is accomplished.”
The corporate assured customers that almost all belongings stay safely saved in chilly wallets and that the incident is not going to 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 yr in the past, when BtcTurk’s sizzling wallets have been focused, leading to important losses of greater than $55 million.
At the moment, the change clarified that solely a portion of ten cryptocurrencies in sizzling wallets have been affected, whereas chilly pockets holdings remained untouched.
Centralized exchanges below assault
This newest BtcTurk hacking incident provides to the rising listing of assaults centralized crypto buying and selling platforms have skilled this yr.
Earlier within the yr, Bybit, one of the vital distinguished crypto exchanges, suffered a hack that stole roughly $1.5 billion in Ethereum tokens.
Since then, different main crypto buying and selling platforms like India-based CoinDCX have additionally misplaced over $44 million.
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