{"id":26094,"date":"2025-08-14T17:28:38","date_gmt":"2025-08-14T14:28:38","guid":{"rendered":"https:\/\/forklog.com\/en\/btcturk-halts-withdrawals-amid-suspicious-48-million-transactions\/"},"modified":"2025-08-14T17:28:38","modified_gmt":"2025-08-14T14:28:38","slug":"btcturk-halts-withdrawals-amid-suspicious-48-million-transactions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/btcturk-halts-withdrawals-amid-suspicious-48-million-transactions\/","title":{"rendered":"BtcTurk Halts Withdrawals Amid Suspicious $48 Million Transactions"},"content":{"rendered":"<p>One of Turkey&#8217;s largest cryptocurrency exchanges, BtcTurk, has reportedly fallen victim to a $48 million hack, according to cybersecurity experts at Cyvers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8ALERT\ud83d\udea8$48M worth of digital assets have been detected in unusual activity across multiple chains involving Turkish exchange <a href=\"https:\/\/twitter.com\/btcturk?ref_src=twsrc%5Etfw\">@btcturk<\/a> <\/p>\n<p>About 30 minutes ago, our system detected multiple alerts across <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24AVAX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$AVAX<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24ARB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ARB<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24BASE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BASE<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24OP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$OP<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24MANTLE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MANTLE<\/a>, and <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MATIC<\/a> networks. Most funds were\u2026 <a href=\"https:\/\/t.co\/ss4a7O2hUd\">pic.twitter.com\/ss4a7O2hUd<\/a><\/p>\n<p>\u2014 \ud83d\udea8 Cyvers Alerts \ud83d\udea8 (@CyversAlerts) <a href=\"https:\/\/twitter.com\/CyversAlerts\/status\/1955967877602803929?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts detected suspicious transfers linked to the crypto platform&#8217;s hot wallets. The perpetrator moved funds in Ethereum, Avalanche, Arbitrum, and other networks, directing them to two addresses.<\/p>\n<p>Experts at Lookonchain noted that the cybercriminal began exchanging the stolen cryptocurrency for ether.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Update: BtcTurk (<a href=\"https:\/\/twitter.com\/btcturk?ref_src=twsrc%5Etfw\">@btcturk<\/a>) was hacked for more than $48M!<\/p>\n<p>The hacker is swapping the stolen assets for <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>Address:<br \/>0x0fe41fe8786329fb6bd8f2baa73aa55e770f0951<br \/>0xa041feb3a8297c5689fee180083164a061a17fd6<br \/>0x7D91D1ebeBA91257733a523409125aEdac5d8b6E<a href=\"https:\/\/t.co\/GYJhhdA1ra\">https:\/\/t.co\/GYJhhdA1ra<\/a> <a href=\"https:\/\/t.co\/zzkIG2C25L\">pic.twitter.com\/zzkIG2C25L<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1955984294624813362?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BtcTurk responded swiftly by halting deposits and withdrawals of digital assets. Trading on the platform and operations with the Turkish lira remain available.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXd5Z1GXblNGK7YhSKmgnTO2GSekNYh8HUu7TgdiDwTWu5gKkNm7XQU8vMWXTRGqoGSEOEPkVbsQoSx-D5fNLtdwHsAAqBWJ8e_VvPO9A_MwsrZDNk00SzOn2GvekwEy-iVl-bMcvA.webp\" alt=\"BtcTurk \u043f\u0440\u0438\u043e\u0441\u0442\u0430\u043d\u043e\u0432\u0438\u043b\u0430 \u0432\u044b\u0432\u043e\u0434 \u0441\u0440\u0435\u0434\u0441\u0442\u0432 \u043d\u0430 \u0444\u043e\u043d\u0435 \u043f\u043e\u0434\u043e\u0437\u0440\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0445 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u0439 \u043d\u0430 $48 \u043c\u043b\u043d\" class=\"wp-image-263953\"\/><figcaption class=\"wp-element-caption\">Statement from BtcTurk representatives, translated via Google Translate. Source: <a href=\"https:\/\/x.com\/BtcTurkKripto\/status\/1955981988747198513\">X<\/a>. <\/figcaption><\/figure>\n<p>Back in June 2024, BtcTurk was <a href=\"https:\/\/forklog.com\/en\/news\/hackers-breach-turkish-exchange-btcturk-causing-54-million-loss\">hacked<\/a> with blockchain researchers estimating the damage at $54 million. Later, Binance CEO Richard Teng reported freezing $5.3 million of the stolen funds and assisting the Turkish crypto exchange in the investigation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Turkey&#8217;s largest cryptocurrency exchanges, BtcTurk, has reportedly fallen victim to a $48 million hack, according to cybersecurity experts at Cyvers. \ud83d\udea8ALERT\ud83d\udea8$48M worth of digital assets have been detected in unusual activity across multiple chains involving Turkish exchange @btcturk About 30 minutes ago, our system detected multiple alerts across $ETH, $AVAX, $ARB, $BASE, $OP, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,920],"class_list":["post-26094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-turkey"],"aioseo_notices":[],"amp_enabled":true,"views":"240","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26094"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26093"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}