BtcTurk has suspended fund withdrawals amid a suspicious withdrawal of $48 million.

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BtcTurk has suspended withdrawals amid suspicious outflow of $48 million

14.08.2025

Miroslava Andreeva One of Turkey's largest cryptocurrency exchanges, BtcTurk, has reportedly fallen victim to a hack of $48 million. This was reported by cybersecurity experts Cyvers.

Analysts have detected suspicious transfers related to the hot wallets of the crypto platform. The attacker withdrew funds in Ethereum, Avalanche, Arbitrum, and other networks, sending them to two addresses.

Experts from Lookonchain noted that the cybercriminal has started exchanging the stolen cryptocurrency for Ethereum.

BtcTurk quickly reacted by halting deposits and withdrawals of digital assets. Trading on the platform and operations with the Turkish lira remain available.

Statement from BtcTurk representatives, translated via Google Translate. Source: X We remind you that BtcTurk was hacked in June 2024. At that time, blockchain researchers estimated the damage at $54 million. Later, Binance CEO Richard Teng reported the freezing of stolen funds amounting to $5.3 million and assistance to the Turkish cryptocurrency exchange in the investigation.

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