🚨 Turkish Crypto Exchange BtcTurk Faces Cyber Attack, Wallets Compromised
BtcTurk stated that losses from the attack are well within manageable limits and will not affect user assets. Most funds are in cold wallets which remain completely safe at the moment.
Highlights
Some BtcTurk hot wallets compromised with crypto balances across 10 digital assets.
BtcTurk said most of its funds are in cold wallets are completely safe at the moment.
BtcTurk stated that losses from the attack are well within manageable limits and won't affect users.
Just hours before on June 22,
prominent crypto exchange BtcTurk disclosed a cyber attack that resulted in unauthorized access to some of its hot wallets. As per the preliminary report, the hackers managed to get their hands on some crypto balances across 10 different cryptocurrencies stored in the hot wallets.
BtcTurk Cyber Attack – Cold Wallets SAFU
While the hackers managed to gain access to the hot wallets, BtcTurk reported that a majority of their crypto asset holdings remained in the cold wallets, which remain completely secure.
Furthermore, BtcTurk has assured users that its financial resilience exceeds the impacted amounts. Thus, the exchange has ensured that the user assets are safeguarded from losses. Additionally, BtcTurk has initiated a thorough investigation into the incident while engaging with relevant authorities.
As a precautionary measure, BtcTurk
has also temporarily suspended crypto deposits and withdrawals. The exchange stated that its team is working diligently to resolve the issue and thus restore full functionality to its platform for all its users.
