cryptohack

Here’s the latest verified update on the BtcTurk exchange hack and what’s known so far:
CryptoRank
Binance
Hackers pitch tent in Turkey, stealing $48 million from BtcTurk exchange
Another Blow to Turkey’s Crypto Market: Hackers Drain $48M from BtcTurk. Insider Weakness Suspected
Yesterday
Yesterday
🧠 What Happened
Turkish cryptocurrency exchange BtcTurk was hacked, with attackers draining **about $48 million worth of crypto from its hot wallets. �
Cryptopolitan +1
Blockchain security firms and on-chain monitoring flagged unusual outflows across multiple blockchains such as Ethereum, Arbitrum, and Polygon. �
Coindesk
The total loss is widely reported around $48 million (some reports note slight variances). �
Cryptonews
🚨 Exchange Response
BtcTurk temporarily halted deposits and withdrawals as a precaution while it investigates the breach. �
Cryptopolitan
The company says most customer assets were stored offline in cold wallets, and those remain safe. �
Cryptopolitan
Trading and fiat lira deposits/withdrawals reportedly continued during the investigation. �
Cryptonews
🧩 Scope & Method
The attackers appear to have gained unauthorized access to BtcTurk’s hot wallets (connected to the internet), letting them move funds across several blockchain networks. �
Coindesk
Stolen assets were consolidated into just a few recipient addresses by the hackers. �
Cryptonews
🔍 Context & Broader Implications
This incident follows previous security problems at BtcTurk and adds to ongoing concerns about exchange hot wallet vulnerabilities in the crypto sector. �
Binance
Security experts emphasize that hot wallets—unlike cold storage—are more at risk if private keys are compromised.
🛡 How This Affects Users
If you have funds on BtcTurk, check official communications from the platform for updates on withdrawal resumption and potential compensation plans.
Be cautious of scams or phishing attempts claiming to help “recover” lost funds—hack incidents often trigger such schemes.
$BTC
$ETH
#BtcTurk #CryptoHack #ExchangeHack

Turkey's crypto scene has been rocked again. The country’s largest exchange, BtcTurk, has confirmed a sophisticated hack that resulted in the loss of approximately $48 million from its hot wallets. The incident is especially alarming as it marks the third such breach in just two years.
🔹 The attack spanned multiple blockchains — according to blockchain security firm AnChain, the hackers moved funds via Ethereum, Arbitrum, and Polygon. The stolen assets were ultimately consolidated into a single address, where they were laundered through subsequent transactions.
🔹 BtcTurk claims the situation is under control, reassuring users that the majority of funds remain safe in cold wallets. Nonetheless, the exchange temporarily suspended withdrawals and launched an internal investigation alongside technical audits.

A Repeating Pattern: Not the First Breach
This incident follows a troubling series of similar attacks:
August 2025: BtcTurk confirmed a loss of $38 million and claimed that “all necessary security measures” had been implemented.June 2024: A sudden disappearance of $55 million was later attributed by auditing firm Halborn to a likely compromised private key.
During the August 2025 breach, the exchange stated: “Unusual movements were detected in our hot wallets during checks conducted on August 14. As a precaution, deposits and withdrawals were temporarily suspended.”

Despite such claims, history is repeating itself.

Warning: Phishing and Secondary Scams Loom
According to AnChain, such hacks often pave the way for secondary scams, where bad actors exploit user panic. Impersonating the exchange's support teams, scammers may send fake emails or SMS messages, tricking users into linking their wallets to phishing platforms disguised as refund verification services — draining even more funds.

Crypto in Turkey: Massive Volumes, Fragile Security
Despite repeated attacks, Turkey remains a crypto powerhouse:
🔹 As of October 2025, daily crypto trading volume hit $300 million, with 75% denominated in Turkish lira

🔹 Annual crypto transaction volume reached $200 billion, four times that of the UAE, the second-largest market in the region

🔹 Between 2021 and mid-2025, Turkey saw a cumulative $878 billion in gross crypto inflows
Meanwhile, Turkey’s national statistics office reported that inflation reached 30.89% in 2025, with food prices up 28.31% and transportation costs rising 28.44%, driven by soaring fuel and operational expenses.
In such an environment, it’s clear why citizens turn to crypto — but this also makes them highly vulnerable to fraud, manipulation, and cyberattacks.

#CryptoHack , #Cryptoscam , #cyberattack , #CryptoMarket , #DigitalAssets

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Мережу Flow Network, відому своєю орієнтацією на Web3-ігри та NFT, спіткав серйозний інцидент безпеки. Нещодавно було зафіксовано злом, унаслідок якого хакеру вдалося вивести токени на суму близько $3,9 мільйона. Ця подія знову підкреслює вразливість блокчейн-проєктів до кібератак, незалежно від їхньої популярності та технологічної основи.
За даними розслідування, атака була спрямована на вразливість у смарт-контракті або пов'язаному з ним протоколі, що дозволило зловмиснику отримати несанкціонований доступ до коштів. Хоча точні деталі експлойту ще розслідуються, інцидент викликав занепокоєння серед користувачів та розробників екосистеми Flow.
Подібні атаки завдають значної шкоди не лише фінансово, а й підривають довіру до платформи. Команда Flow Network заявила, що активно працює над усуненням уразливості, поверненням вкрадених коштів (де це можливо) та посиленням заходів безпеки. Однак цей випадок є черговим нагадуванням для всієї криптоспільноти про необхідність постійної пильності та вдосконалення протоколів безпеки. Для інвесторів це також сигнал про важливість диверсифікації та оцінки ризиків, пов'язаних із зберіганням активів на централізованих або децентралізованих платформах.
Будьте в курсі головних новин крипторинку та майнінгу!
Підписуйтесь на @Mining Updates #MiningUpdates
#FlowNetwork #CryptoHack #BlockchainSecurity #NFT #Web3Gaming #CryptoNews #cyberattack #DecentralizedFinance #TokenLoss #SecurityBreach

$FLOW
Flow ($FLOW ) has capitulated, crashing 42% in a horrific sell-off following a confirmed "security incident". Major exchanges like Upbit and Bithumb immediately suspended deposits and withdrawals, trapping liquidity and causing panic.

The Flow Foundation is investigating Transaction Ingestion failures and potential exploits in the execution layer. Attackers may have exploited a vulnerability to mint or drain funds, prompting a potential "rollback" of the chain. A rollback would undo trades to erase the hacker's gains, but it is a nuclear option that destroys trust in finality.

If Flow rolls back, it signals the chain is centralized and mutable. This could permanently damage its reputation among institutional partners like Disney and NBA Top Shot who rely on stability. Validators are already furious, arguing a rollback creates "unbacked assets" for honest users.

Will the validators agree to the hard fork for a rollback? When exchanges re-open, a second wave of dumping from trapped users is likely.
This crisis pits the "Code is Law" ethos against the necessity of a bailout to save the ecosystem.

Should a blockchain EVER roll back transactions to fix a hack?

#FLOW #CryptoHack #BlockchainSecurity #Upbit