A recent incident involving the cryptocurrency exchange BitoPro has sparked widespread discussion in the crypto community after a $11.5 million hack was revealed. Despite the seriousness of the situation, the exchange has not made any official statements.
Incident Overview
On May 8, 2025, the cryptocurrency exchange BitoPro suffered a hack resulting in the loss of approximately $11.5 million from its hot wallets. Studies show that the stolen funds were moved across multiple blockchains, including Ethereum, Tron, Solana, and Polygon, and then laundered through decentralized exchanges and mixers like Tornado Cash and Thorchain. ZachXBT, known for his criticism in the crypto space, published data regarding the breach, pointing out suspicious outflows of funds.
Community Reaction
The crypto investment community began to express dissatisfaction with how BitoPro has handled the situation post-incident. While the exchange continued its promotional activities and trading events, many users noticed a concerning lack of information regarding the breach. ZachXBT urged the exchange to explain what had occurred, yet no official statements were forthcoming from BitoPro. This silence has led to user concerns, prompting some to withdraw their funds from the platform in protest.
Lessons for Other Exchanges
BitoPro's opacity following the incident serves as a lesson for other cryptocurrency exchanges on the importance of honesty and transparency with users. In light of constant security threats, reliable processes for informing users about hacks must become the norm in the industry. Frightening users with silence can severely undermine trust, not only in a specific exchange but also in the crypto ecosystem as a whole.
The situation with BitoPro clearly demonstrates the necessity for exchanges to be transparent regarding security issues. Silence in the face of breaches can damage the reputation and financial standing of the platform, ultimately affecting user trust.
