Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising fears of a potential hack.
The incident involved large transfers of ether (ETH), Avalanche’s AVAX (AVAX), Arbitrum’s ARB (ARB), Base (BASE), Optimism’s OP (OP), Mantle (MANTLE), and Polygon’s MATIC (MATIC), with the bulk of the funds consolidating into just two recipient addresses.
Blockchain monitoring system Cyvers flagged the activity, triggering alerts that suggested a targeted exploit rather than routine operational movements.
Cyvers added that it was in contact with Btcturk, which is taking “immediate action” and has suspended deposits and withdrawals.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The middle of January marked the continuation of an already struggling price action for Bitcoin,…
Markets are quiet and uneasy. Bitcoin prices have pulled back, and big holders are keeping…
South Korean lawmakers are ramping up pressure on financial regulators after a system failure at…
Small wallets have increased their BTC holdings by 2.5% since October's all-time high while large…
Data shows the Bitcoin Fear & Greed Index continues to be inside the extreme fear…
Bitcoin (BTC) is currently holding below the key $70,000 level. Still, a new report from…