US Edition
Crypto 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.
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Hacker hits BTCTurk exchange for $48M in hot wallet exploit | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
The Turkish exchange BTCTurk is undergoing an exploit affecting multiple chains. The initial estimate of losses is up to $48M. The Turkish centralized exchange BTCTurk is the victim of a multi-chain attack. The initial estimate is for $48M in losses from various coins and tokens. Cyvers Alert noticed the attack after a series of suspicious […] Thank you for subscribing to our RSS feed! The post Hacker hits BTCTurk exchange for $48M in hot walle…
BtcTurk’s $48m hack compounds crypto’s bleak summer of security failure
BtcTurk, Turkey’s second-largest exchange, becomes the latest casualty in a brutal summer for digital asset platforms. With $142 million already looted in July, security teams are scrambling for answers. On August 14, blockchain security firm Cyvers flagged a series of…
Turkish crypto exchange BTCTurk warns of security incident after $49 million leaves platform
Most of the stolen funds were siphoned in Ethereum, with more than $38.6 million taken out of the platform. The other $10 million was spread across multiple cryptocurrencies, according to security firm PeckShield.
The hackers are said to have captured dozens of millions of US dollars in various cryptocurrencies in the attack on the Exchange. The background. Source: BTC-ECHO BTC-ECHO
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