BtcTurk Investigates $50M Crypto Outflow

Turkish crypto exchange BtcTurk is looking into a possible hack after $48M–$50M worth of crypto was moved from its wallets. Security firms CertiK and Cyvers spotted the transfers across 7 blockchains like Ethereum, Avalanche, and Polygon. The funds were sent to two wallets and quickly swapped for ETH.

🔒 BtcTurk has paused deposits and withdrawals while working with experts to find out what happened and recover the funds. It's still unclear if user funds were affected or when services will be back.

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