Crypto exchange BtcTurk announced a temporary halt of deposits and withdrawals following the detection of suspicious activity in its hot wallets.
Announcement of Temporary Suspension of Operations
BtcTurk, one of Türkiye's largest cryptocurrency exchanges, announced today that unusual movements were detected in its hot wallets. As a precautionary measure, the company has temporarily suspended cryptocurrency deposits and withdrawals.
Status of User Assets
BtcTurk's statement asserted that the vast majority of user assets are held in secure cold wallets and will not be affected by this situation. According to the statement, Turkish Lira deposits and withdrawals continue uninterrupted.
Data on Hacker Asset Movements
On-chain data shows that approximately millions of dollars' worth of digital assets were swapped from the initial hacker addresses and then moved to two primary addresses, with one holding $19.4 million in assets and the other holding $22.6 million.
The situation with BtcTurk highlights the importance of secure asset management in the cryptocurrency sector. The exchange continues to monitor the situation and inform users of developments.
