$48M Suspicious Crypto Transfer Alleged at BtcTurk
Cyvers detects unusual $48M multi-chain transfers from BtcTurk’s hot wallets.
Crypto Laddin
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Leading Turkish crypto exchange BtcTurk is under scrutiny after reports of around $48 million worth of crypto outflows from its hot wallets. Blockchain analytics firm Cyvers identified multi-chain transfers consolidated into a few addresses, suggesting a targeted exploit rather than routine operations.
Upon detecting the suspicious activity, BtcTurk activated security protocols and temporarily suspended crypto deposits and withdrawals. The company clarified that fiat transactions and trading activities remain unaffected, emphasizing the move was to ensure user safety and prevent panic.
