BtcTurk temporarily suspended all cryptocurrency deposit and withdrawal transactions following the detection of unusual activity in its hot wallets. The exchange confirmed that the majority of digital assets remain safely stored in cold wallets. The technical teams are investigating the incident, believing that the private key for the hot wallets may have been leaked. The total estimated losses are around $49 million, but trading activities on the platform continue uninterrupted, reflecting the exchange's solid financial position and security measures.
BtcTurk detected unusual activity in its hot wallets on August 14, 2025, leading to a halt of all cryptocurrency deposit and withdrawal transactions as a precautionary measure.
The vast majority of digital assets are securely stored in cold wallets, which remain unaffected, ensuring customer assets are safe and secure despite the incident.
Experts suspect that the private key for BtcTurk's hot wallets may have been leaked, highlighting the inherent risks associated with software-based wallet management.
BtcTurk's total losses appear to be in the $49 million region, indicating a significant compromise, even as trading activities on the platform continue without interruption.
Collection
[
|
...
]