Turkey’s BtcTurk Suffers $48M Theft in Exchange Hack

Turkish cryptocurrency exchange BtcTurk, the country’s second-largest and oldest, has been hacked, with over $48 million worth of assets stolen. The attacker has completed transferring the stolen funds and started exchanging them. In response, BtcTurk has suspended all cryptocurrency deposits and withdrawals while investigating the breach. The hack affected multiple blockchains, including Ethereum, Avalanche, and Polygon. The exchange is working with security firms to manage the situation and protect user assets in cold storage.