BtcTurk, a major crypto exchange in Turkey, said it was hacked on Saturday and several of its hot wallets were accessed, with crypto stolen from some of them.
“Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and our cold wallets, where most of the assets are kept, are safe, the exchange said.
It added that its financial strength was well above the amounts taken, and that user assets would not be affected by the losses.
BtcTurk said it was carrying out detailed research on the attack and that official authorities had been contacted.
As a precaution, crypto deposits and withdrawals were temporarily suspended, then mostly reopened via the ERC20 network, the exchange said.
Those subjected to cyber attacks were to be reopened gradually after the work of its cyber security teams is completed, it added.
Meanwhile, Binance CEO Richard Teng said in an X post that his company was assisting BtcTurk with investigations and had frozen more than $5.3 million in stolen funds.
He added that Binance investigations and security teams work around the clock as part of their proactive efforts to protect the ecosystem from bad actors.
Turkey is the third-leading country by crypto ownership percentage at 19.3%, behind only the UAE at 25.3% and Singapore at 24.4%, according to a recent Triple-A report.