BtcTurk, a leading cryptocurrency trading platform, announced that it suffered a cyber attack that resulted in unauthorized withdrawals. The incident was detected by the company's security team on Saturday, June 22, 2024.
According to BtcTurk's official statement, the attack only affected a portion of the balances of 10 cryptocurrencies stored in their hot wallets. However, the company has ensured that the vast majority of users' assets, held in cold wallets, are safe and have not been compromised.
"BtcTurk's financial strength is far above the amounts affected by this attack, and users' assets will not be impacted by losses," said the company's spokesperson.
Immediately after detecting the incident, BtcTurk took measures to protect user funds by temporarily pausing cryptocurrency deposits and withdrawals while detailed investigations are carried out. The company also notified the appropriate authorities to assist in the investigation.
In an effort to reassure its users, BtcTurk has assured that all necessary measures are being taken to quickly resolve the issue. "Our teams are carrying out detailed investigations into the matter. At the same time, we have notified the relevant authorities. As a precaution, we have temporarily paused cryptocurrency deposits and withdrawals, and these processes will be reactivated once the investigations are complete," the statement added.
The company also thanked its users for their understanding during this period and promised to continue sharing all updates regarding the incident.
This attack highlights the growing need for strict security on cryptocurrency trading platforms, especially as the market continues to expand rapidly. Cyber Attack on BtcTurk Affects Cryptocurrency Balances