Blockchain investigator ZachXBT has flagged what appears to be a major crypto exploit involving Taiwanese exchange BitoPro, with more than $11.5 million in assets reportedly siphoned from its hot wallets on May 8.
🕵️♂️ The Details:
The funds were stolen from BitoPro’s hot wallets spread across Ethereum, Tron, Solana, and Polygon networks.
The hacker then offloaded assets via decentralized exchanges and funneled the proceeds through privacy mixers like Tornado Cash, Thorchain, and Wasabi Wallet, effectively obscuring the trail.
⚠️ Silent Servers, No Statement
Despite the suspicious activity, BitoPro has not publicly confirmed the breach. Instead, the platform notified users of a temporary service outage due to “system maintenance”, which occurred around the same time as the suspected exploit. Since then, no further details have been posted to their X or Telegram accounts.
ZachXBT, who uncovered the movement of stolen assets, commented:
“BitoPro has yet to formally disclose the incident… users were told the exchange was simply undergoing maintenance.”
This lack of transparency has triggered concern within the community, particularly given the scale of the theft and the exchange’s role in Taiwan’s crypto ecosystem.
🌐 What is BitoPro?
Founded in 2018, BitoPro is a locally-operated exchange under BitoGroup, primarily serving users in Taiwan. The platform supports fiat trading pairs in TWD (Taiwanese Dollar) for major cryptocurrencies like:
With over $20 million in daily trading volume, it remains the most prominent exchange tailored to Taiwan’s crypto traders.
❗ Why It Matters
This suspected breach highlights the ongoing risk of centralized exchanges being targeted — even in relatively quiet regions like Taiwan. The use of advanced privacy tools to launder the stolen funds also underscores the difficulty of recovering assets post-exploit. $BTC
As of now, BitoPro users are left in the dark, raising concerns over security practices and transparency. Whether the exchange will issue a formal statement — or quietly move forward — remains to be seen.
Do you think exchanges should be legally required to disclose exploits within 24 hours? Or does this silence point to a deeper problem in crypto transparency? Let us know your thoughts below. 👇
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