Turkish crypto trade BtcTurk has been focused by a significant cyberattack, which resulted within the theft of roughly $48 million in digital property.
On Aug. 14, blockchain safety agency Cyvers reported that the stolen funds had been moved throughout a number of networks, together with Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.
Many of the property had been transferred to simply two addresses, the place the attacker has reportedly begun swapping them.
BtcTurk confirmed the hack in a submit on X, emphasizing that solely sizzling wallets had been affected. The agency is likely one of the largest crypto exchanges within the nation and has over 5 million customers.
In response to the agency:
“Throughout checks performed on August 14, 2025, uncommon exercise was detected in our sizzling wallets. As a precaution, cryptocurrency deposit and withdrawal transactions have been briefly suspended. These providers will probably be reactivated as soon as the work is accomplished.”
The corporate assured customers that the majority property stay safely saved in chilly wallets and that the incident is not going to impression buyer holdings. It added that buying and selling operations and Turkish Lira transactions are persevering with usually.
BtcTurk furthered that the authorities have been notified and are coordinating carefully with cybersecurity groups to safe its infrastructure.
This assault follows an identical incident roughly a 12 months in the past, when BtcTurk’s sizzling wallets had been focused, leading to vital losses of greater than $55 million.
At the moment, the trade clarified that solely a portion of ten cryptocurrencies in sizzling wallets had been affected, whereas chilly pockets holdings remained untouched.
Centralized exchanges beneath assault
This newest BtcTurk hacking incident provides to the rising listing of assaults centralized crypto buying and selling platforms have skilled this 12 months.
Earlier within the 12 months, Bybit, one of the vital distinguished crypto exchanges, suffered a hack that stole roughly $1.5 billion in Ethereum tokens.
Since then, different main crypto buying and selling platforms like India-based CoinDCX have additionally misplaced over $44 million.
