BTCTURK CRYPTO Exchange, the suspect faces $ 48 million penetration star-news.press/wp
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Turkish BTCTURK BTCTURK is facing 48 million dollar security breaches in a multi -power coordinated attack targeting its hot governor.
Exploitation, it was first discovered by Blockchain CyversIt included suspicious transfers across Ethereum, Avalanche, Irbia, Al Qaeda, Optimism, Mantle and Polygon Networks, with most of the money unified in only two titles.
After detection, BTCTURK immediately All encrypted currency deposits and clouds have been suspendedSaying in Turkish that the operations have stopped “Because of a technical problem in the hot portfolios” With user guarantee that FIAT coefficients have been uncompromising.
The targets of the coordinated multiple attack maintain the hot portfolio
According to the initial alert of Cyvers, its monitoring system reported the unusual activity about 30 minutes after the start of transportation, with the attackers rapidly merged into two basic portfolios before starting the systematic currency currency bodies for more liquid symbols.
The security company noticed direct communication with the BTCTURK team that carried out “Immediate work” Protocols while maintaining that the Fiat currency operations remained not affected by the technical turmoil.
Turkish BTCTURK statement described the commentary as a precaution, with an emphasis on this “Purchase, sale, and the withdrawal of the Turkish lira continues without interruption” During the ongoing investigation.
Avoid the stock exchange response using terms such as “penetration” or “breach”, instead describing the situation as operational difficulties that require temporary security measures.
Blockchain investigators have provided specific Portfolio addresses for public trackingAllow the actual time to monitor the stolen boxes suspected of various networks and exchanges.
The independent analysis revealed that the attackers began to replace the various encrypted currencies of ETHEREUM immediately after almost the initial transportation, indicating the preparation for rapid liquidation through decentralized exchanges.
BTCTurk has not provided a schedule for the resumption of cryptocurrencies, saying that the services will only resume “Once notified” After evaluating security.
Regional stock exchanges face escalating security risks
This suspected breach represents the main BTCTurk signs of the main security in 14 months, after a confirmed loss of $ 54 million in June 2024, which specifically targeted the distinguished symbol of the ice collapse.
During the previous accident, Blockchain Zachbt investigator made a timing analysis connecting approximately $ 54 million in the transfers of ice breakdown to the Turkish Stock Exchange, while Binance later freezed $ 5.3 million of the stolen money that was recovered.
The rapid growth of the Turkish encryption market in the middle Local currency instability It also creates unique operational pressure for local exchanges, which must balance the access to the user with increasingly advanced security threats.
However, the pattern extends beyond Türkiye, as regional exchanges through emerging markets suffer from similar attack tankers targeting the infrastructure of the hot wallet.
Iranian Nubicx lost $ 73 million through the exploits of its headquarters, which included the attackers who used provocative vanity addresses that contain politically charged messages while calling for belonging to the groups of infiltrators who support Israel.
Likewise, CoINDCX in India suffered 44 million dollars in server violations, while waiting for the stock exchange 17 hours before the incident recognized after Blockchain investigators reported publicly suspicious activities.
Meanwhile, the global encryption industry witnessed a worrying boom in security violations during the year 2025, as CERTIK reported the losses of more than $ 2.2 billion of penetrations and fraud in the first half of the year only.
The main incidents such as bybit’s $ 1.5 billion from the exploitation of CETUS of $ 225 million have stopped annual statistics, but even without these extremist values, losses with previous years are in line with about $ 690 million.
The frequency of these violations raises questions about whether regional stock exchanges can maintain competitive operational costs with the implementation of security measures similar to industry leaders such as Coinbase or Binance.
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2025-08-14 18:07:00
