While the bill on the regulation of crypto assets was being discussed, an important development occurred in the sector: On Saturday, June 22, it was revealed that the domestic cryptocurrency exchange BtcTurk was subjected to a cyber attack. This incident sparked many rumors on social media. The first statements made by the stock exchange further fueled the rumors rather than reassuring the users. The fact that AVAX lost 10% and LUNC lost 20% on the same day was associated with the attack by many people.
ZachXBT, known as the "crypto detective", claimed that the BtcTurk hacker also stole $ 3.5 million in crypto assets by hacking the betting site Sportsbet. It has not yet been confirmed whether these two events are related.
On-chain data showed that hundreds of billions of LUNC were transferred from BtcTurk's LUNC wallet to Binance and MEXC on June 22. While BtcTurk did not make a statement about these transfers, it announced that LUNC would be delisted from the platform on June 24.
Immediately after the Delist news, BtcTurk users stated that their LUNCs were sold and converted into TL without their consent on social media. This situation caused a great reaction on social media.
It was noteworthy that the wallets identified as hackers sent the stolen assets to Binance and MEXC. While it is known that central exchanges record user data, hackers' transfer of stolen crypto assets to these exchanges has raised question marks.
In the initial statements made by the stock exchange, no information was given about which cryptocurrencies were affected by the attack, and detailed information about the extent of the attack has not yet been shared.
Chronological Development of the Event
Saturday, June 22:
At 05:03, BtcTurk's crypto wallet transferred 325,462,929,110 LUNC to the address terra1363q4efgdepqjw4rt4p5ttxrh44gnkwlmrfknq (let's call it C-1).
C-1 transferred the assets he received to two different wallets (let's call them C-2 and C-3).
C-2 transferred 100 billion of the 230 billion LUNC it received from C-1 to C-3 and sent the remaining 130 billion LUNC to Binance's shared LUNC address.
C-2 also sent 10 billion LUNC to MEXC's shared LUNC address.
C-2 received 19 billion LUNC from BtcTurk's main wallet at 10.34 and sent them to Binance.
C-3 received 162,675,755,310 from C-1 and 100 billion LUNC from C-2.
C-3 transferred 215,556,407,029 LUNC to Binance and the remaining 47,119,348,281 LUNC to different wallets.
In total, 374,556,407,029 LUNC were sent from C-2 and C-3 to Binance and MEXC wallets.
At 05.04, $6.6 million USDT and $1.2 million TRX were transferred from BtcTurk's hot wallet to an unknown wallet.
This wallet sent the assets to two different anonymous wallets and attempted to hide them via FixedFloat.
At 05:12, a crypto wallet started moving 1.96 million AVAX. Transfers lasted until 09.11.
Crypto detective ZachXBT announced that 1.96 million AVAX was moved to Coinbase, Binance and Gateio via the THORChain bridge at 10:19 AM.
At 11.14, $230 thousand USDT and $82.9 thousand TRX were sent from BtcTurk's hot wallet to an anonymous wallet. This wallet moved the assets it received to FixedFloat.
At 14.17, BtcTurk announced that it was exposed to a cyber attack and that hot wallets containing 10 cryptocurrencies were affected by this attack. However, the type or amount of stolen assets was not disclosed.
At 14:27, ZachXBT claimed that the AVAX transaction at 10:19 may be related to the BtcTurk cyberattack.
At 17.43, Binance CEO Richard Teng announced that they assisted BtcTurk in the cyber attack investigation and froze more than $ 5.3 million of the stolen funds.
June 23:
At 07.39, BtcTurk announced that withdrawals and deposits of USDT, USDC, LINK, UNI, OCEAN, AGIX, BLUR, INJ, ANT, OGN, RAD and ARPA can be made from the ERC-20 network.
At 08.06, BtcTurk reported that withdrawal and deposit transactions of all cryptocurrencies via ERC-20 were opened.
June 24:
At 05.47, BtcTurk announced that Bitcoin deposit addresses were renewed and users can deposit and withdraw.
It was announced that AVAX (C-Chain) and ARC-20 USDT deposit addresses have been renewed and deposits and withdrawals can be made.
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