$ETH BTCTurk has been hacked, losing approximately $49M, wit | _Wendy on Binance Square

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$ETH BTCTurk has been hacked, losing approximately $49M, with the attacker converting all stolen funds into ETH.
Will the hacker manage to cash out the stolen ETH before being traced? 🤔

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$ETH 2 years ago, Rain Lõhmus – founder of LHV Bank, one of Estonia’s top three banks – revealed he had lost access to a wallet containing 250,000 ETH purchased during the 2014 presale. The initial investment was just $75,000, but with ETH surpassing $4,700, the tokens would now be worth around $1.18 billion. Lõhmus has not disclosed the exact reason for losing access, but noted that decentralization brings both advantages and unexpected risks when self-custodying private keys. Many others have faced similar fates—some forgot their seed phrases or private keys, while others accidentally discarded storage devices. In most cases, recovering the lost crypto is nearly impossible, serving as a stark reminder to safeguard digital assets carefully. What’s your take – Will this cautionary tale push more investors toward custodial solutions, or will it simply reinforce the importance of secure self-storage?

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$BNB Binance Alpha is set to launch Reservoir ($DAM), a decentralized asset management protocol, as the first platform to feature it, with spot trading opening on August 18, 2025, at 11:00 UTC and futures trading starting at 12:30 UTC. Eligible users can claim an airdrop of $DAM tokens using Binance Alpha Points via the Alpha Events page once trading begins $DAM, with a 1 billion token supply, aims to streamline DeFi portfolio management, with an estimated launch price of $0.05–$0.15. What’s your strategy—preparing to claim $DAM with Alpha Points at launch, or waiting for more airdrop details to assess the opportunity? #BinanceAlpha

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