Wednesday, August 27, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Turkish Exchange BtcTurk Falls Victim To Hack – Details

23 June 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


One among Turkey’s most distinguished crypto exchanges BtcTurk has suffered a cyber assault resulting in unauthorized entry to a few of its scorching wallets. The alternate has reported some degree of asset loss, nonetheless, they declare sufficient monetary stability to beat this setback.

$5.3 Million Recovered By BtcTurk, However How Large Is The Loss?

In a current standing replace,  BtcTurk shared that its crew detected a hack had occurred on its platform on June 22 elevating a lot concern within the crypto group. 

Whereas the full quantity misplaced was not disclosed, BtcTurk acknowledged that this incident solely led to the compromise of the recent wallets of 10 cryptocurrencies whereas all chilly wallets, which the Turkish alternate claims maintain the vast majority of its belongings, stay protected. 

Commenting on the incident, Richard Teng, CEO of Binance, introduced a collaborative investigation effort between each exchanges resulting in the restoration of $5.3 million price of the stolen belongings. 

Teng mentioned:

Binance is helping BtcTurk with investigations and has frozen over $5.3M in stolen funds to date. 

Our investigations & safety groups work across the clock as a part of our proactive efforts to guard the ecosystem from unhealthy actors. We’ll present additional updates as related.

In the meantime, famend on-chain investigator ZachXBT has offered some insights into the attainable id of the unhealthy actors behind this hack. 

Based on ZachXBT, the hackers are seemingly affiliated with the tackle 0x327a81d0d128db8886d265be73c9fdda97194f30 which he noticed not too long ago transferred 1.96 million AVAX ($54.2 million) to Coinbase and THORChain resulting in a ten% decline within the value of AVAX.  ZachXBT has based mostly his premonitions on BtcTurk having its market AVAX tackle on the Avalanche X-chain. 

For now, the Turkish alternate has neither confirmed nor denied this idea however all withdrawal and deposit transactions on the buying and selling platform have been disabled. BtcTurk claims that the hack has not affected its sturdy monetary place and has assured all customers of the protection of their belongings.

2024 Sees Second Crypto Change Hack – Rising Trigger For Concern?

The cyber assault on BtcTurk represents the second hack on a crypto alternate in 2024 after Japanese platform DMM Bitcoin misplaced $305 million in BTC in a safety breach in Might. 

Typically, hacks on crypto exchanges draw a lot consideration because of the custodial nature of those platforms which permit them to personal the non-public keys of their clients. 

Furthermore, these platforms are identified to carry bigger funds than their DeFi counterparts. For context, Coingecko studies that Binance, the world’s largest alternate, information 13x the every day buying and selling quantity of essentially the most distinguished decentralized alternate, Uniswap.

However, all types of hacks or assaults reinforce the necessity for steady and collaborative safety developments within the crypto ecosystem.

Whole crypto market cap valued at $2.294 trillion on the every day chart | Supply: TOTAL chart on Tradingview.com

Featured picture from WIRED, chart from Tradingview



Source link

Tags: BtcTurkDetailsExchangefallshackTurkishVictim
Previous Post

CoinStats suspends app after security breach compromises 1,590 wallets

Next Post

MAGA Price Prediction: MAGA Soars 17% As This AI Meme Coin Zooms Towards $7 Million In Blockbuster Presale

Related Posts

Google Translate Adds AI-Powered Language Practice Tools
Crypto Updates

Google Translate Adds AI-Powered Language Practice Tools

27 August 2025
Donald Trump Jr.’s 1789 Capital Makes ‘Double-Digit Millions’ Bet on Polymarket – Crypto News Bitcoin News
Crypto Updates

Donald Trump Jr.’s 1789 Capital Makes ‘Double-Digit Millions’ Bet on Polymarket – Crypto News Bitcoin News

26 August 2025
Binance Unveils Keyless Wallet Extension for Chrome with MPC Security and Multi-Chain Support
Crypto Updates

Binance Unveils Keyless Wallet Extension for Chrome with MPC Security and Multi-Chain Support

26 August 2025
Shiba Inu Fragile Despite Billions in Accumulation: Maxi Doge Is Better
Crypto Updates

Shiba Inu Fragile Despite Billions in Accumulation: Maxi Doge Is Better

26 August 2025
Kraken Seeks SEC Blessing for 24/7 Tokenized Stock Trading Platform
Crypto Updates

Kraken Seeks SEC Blessing for 24/7 Tokenized Stock Trading Platform

26 August 2025
Bitmine Boasts World’s Largest Ethereum Treasury as Holdings Surpass 1.71 Million ETH – Crypto News Bitcoin News
Crypto Updates

Bitmine Boasts World’s Largest Ethereum Treasury as Holdings Surpass 1.71 Million ETH – Crypto News Bitcoin News

25 August 2025
Next Post
MAGA Price Prediction: MAGA Soars 17% As This AI Meme Coin Zooms Towards $7 Million In Blockbuster Presale

MAGA Price Prediction: MAGA Soars 17% As This AI Meme Coin Zooms Towards $7 Million In Blockbuster Presale

Bitcoin Price At Risk Of Further Correction – Here’s How | Bitcoinist.com

Bitcoin Price At Risk Of Further Correction - Here's How | Bitcoinist.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
MetaMask launches social login feature using Google and Apple accounts for wallet access

MetaMask launches social login feature using Google and Apple accounts for wallet access

27 August 2025
Solana Institution Wave Builds: Pantera Eyes $1.25B Treasury

Solana Institution Wave Builds: Pantera Eyes $1.25B Treasury

27 August 2025
Ethereum Price Analysis: ETH Aiming at $5000 Again Amid Surging ETF Inflows

Ethereum Price Analysis: ETH Aiming at $5000 Again Amid Surging ETF Inflows

27 August 2025
Crypto Analyst Says XRP Bull Run Hasn’t Begun, Sets Course For $37

Crypto Analyst Says XRP Bull Run Hasn’t Begun, Sets Course For $37

27 August 2025
Exploring Vibe Coding: AI-Assisted Software Development

Exploring Vibe Coding: AI-Assisted Software Development

27 August 2025
Ethereum Is Positioned As The Backbone Of AI-Powered Finance, Here’s Why

Ethereum Is Positioned As The Backbone Of AI-Powered Finance, Here’s Why

26 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$111,723.002.04%
  • ethereumEthereum(ETH)$4,592.925.26%
  • rippleXRP(XRP)$3.004.80%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$863.953.02%
  • solanaSolana(SOL)$196.004.69%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$4,581.205.31%
  • tronTRON(TRX)$0.3508422.96%
  • dogecoinDogecoin(DOGE)$0.2181434.33%