$AVAX News of Hacks and Piracy 🏴☠️ Today: 📰🗞️
The Turkish trading platform BtcTurk has been hacked, resulting in a loss of 48 million dollars in cryptocurrency assets from its active wallets, particularly through addresses on platforms such as Ethereum and Avalanche.
This incident is extremely concerning, as active wallets are under attack again. BtcTurk claims that its active wallets are secure and that users' funds are safe, but who knows?
Compared to last year's loss of 55 million dollars, this loss is relatively minor, indicating that the security of centralized cryptocurrency exchanges remains a major concern.
Given the recent hacks of Bybit and CoinDCX, it seems that hackers are collectively aiming to boost their key performance indicators, and market sentiment is certainly in a state of stagnation.
I expect trading platforms to increase their investments in multi-signature services and cold storage in the future, but in the short term, retail investors should prioritize using decentralized finance wallets to avoid becoming the next victim. Otherwise, the bull market, which has barely started to heat up, will be affected by a hack.
