BitoPro Exchange Suspected of Losing $11.5 Million in Cyber Exploit
Taiwanese exchange BitoPro is suspected of losing over $11.5 million in tokens due to an exploit on May 8, according to blockchain analyst ZachXBT.
- Unauthorized access occurred in BitoPro's hot wallets across multiple blockchains, including Ethereum, Tron, Solana, and Polygon.
- Stolen assets were sold on decentralized exchanges and laundered via privacy protocols like Tornado Cash and Thorchain, eventually moved to Wasabi Wallet.
- BitoPro has not publicly acknowledged the breach but informed users of a temporary service suspension for “system maintenance.”
- The exchange primarily serves the Taiwanese market, supporting TWD pairs for major cryptocurrencies such as Bitcoin and Ether.
- In the past 24 hours, BitoPro processed over $20 million in trading volume, making it the top locally-focused exchange by that metric.