Earlier today, Wallets are linked to Crypto Excination BTCTURK that has transferred more than $ 48 million in digital assets. This movement raised doubts about a possible security breach.
BTCTURK suspends encrypted clouds and deposits
According to x mail Through the Clegers Security Security alerts, excesses of more than $ 48 million of cryptocurrencies were discovered in “extraordinary activity” via multicide Blockchain networks that include the Turkish BTCTURK.
CYVERS alerts have noticed that their system alerts that were marked by Blockchains such as ETHEREUM (ETH), Avalanche (Avax), Introduction (ARB), Al Qaeda, Optimism (OP), Mantle (Mantle), and MATIC. Most of the transferred money was deposited in two titles. The company added:
The attacker completed the transfers and started to switch the assets. We called the team, who take immediate action. The clouds and deposits are currently suspended.

In x separate mailBTCTurk confirmed an extraordinary activity in its hot portfolio. The Stock Exchange stated that as a preventive measure, withdrawals and coding deposits were suspended temporarily.
BTCTURK reassured users that most of their money is safely stored in a cold portfolio. Although potential security breaches, the stock market stressed that user’s money is still safe because of its “strong financial structure”.
The platform added that buying and selling encryption, as well as depositing the Turkish Lira and withdrawing it will continue without interruption. He stressed that all the necessary security measures were implemented to protect the user’s assets.
It should be noted that last year, BTCTURK Experienced An electronic attack that led to unauthorized access to some of its hot governorates. At that time, the stock exchange has partnered with Binance to recover approximately $ 5.3 million in digital assets.
Are the encryption security mechanisms still weak?
Over the past year, many infiltrators of high -level encryption raised security concerns. In September 2024, Crypto Exchang Bingx suffer A major breach, which led to a loss of approximately $ 43 million in digital assets.
Earlier this year, Beet Experienced One of the biggest breakthroughs in this field, with $ 1.4 billion. The volume of the breach decreases ETHEREUM (ETH) as much as up to 5 % immediately after.
Likewise, the pioneer in Indian exchange was Coindcx Targeted Last month, in penetration of $ 44 million. However, CEO Sumit Gobta explained that all user wallet boxes were safe and not affected.
The increasing number of encryption exchanges remains – despite enhanced security measures – a source of concern for investors. These incidents also emphasize the importance of cold storage portfolios for individuals with great encoding assets. At the time of the press, BTC is trading at 119,253 dollars, a decrease of 2.1 % in the past 24 hours.

Distinctive image from Unsplash.com, plans from x and tradingview.com

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2025-08-15 05:00:00