Turkish cryptocurrency exchange BtcTurk paused its blue-chip cryptocurrency withdrawals, saying it noticed technical issues, later claimed by cybersecurity firm Cyvers to be a possible hack, in which the attacker shifted various cryptocurrencies such as ETH, AVAX, ARB, BASE, OP, MANTLE, and MATIC to two addresses, as per a Cointelegraph report.
BtcTurk said in its X post that it discovered unusual activity in the hot wallets section of its exchange and it suspended the feature as a precautionary measure. The company clarified that it stores the vast majority of its assets in cold wallets, which meant that user assets could be considered secure.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
Also read: Laser Digital to stir up Dubai’s crypto market with regulated derivatives
Cryptocurrency hacks are a common occurrence in the digital assets sector with some of the biggest hacks happening to Bybit, Mt Gox, FTX, and KuCoin.
BtcTurk suffered a breach previously as well, disclosing unauthorized withdrawals in June 2024, creating a loss of approximately $55 million.
