BtcTurk Sees $48 Million in Cryptocurrency Outflows Amid Hack Concerns
Approximately $48 million in cryptocurrency has been transferred from wallets associated with the Turkish exchange BtcTurk, raising concerns of a potential hack.
- Transfers included significant amounts of ETH, AVAX, ARB, BASE, OP, MANTLE, and MATIC.
- The majority of funds were consolidated into two recipient addresses.
- Blockchain monitoring system Cyvers flagged the activity, indicating a targeted exploit.
- BtcTurk has suspended deposits and withdrawals while taking immediate action.