BtcTurk $48M Hack Triggers Withdrawal Freeze Amid Hot Wallet Breach Fears
After noticing odd activity in its hot wallets, the exchange suspended cryptocurrency deposits and withdrawals, causing the Turkish crypto community to be shaken by the BtcTurk $48M Hack. Speculation of a significant security breach was stoked when blockchain security firm Cyvers initially reported the suspicious outflows on August 14, 2025, estimating that approximately $48 million […]
BtcTurk Hit by Cyber Attack, Ensures User Security
BtcTurk experienced a cyber attack affecting 10 hot wallets but assures most assets in cold wallets remain secure and has temporarily suspended deposit and withdrawal operations. A cyber attack was carried out against the cryptocurrency exchange BtcTurk. Consequently, the exchange experienced unauthorized withdrawals. BtcTurk declared that these withdrawals were promptly identified. It is asserted that […]
Coinbase in talks to buy Turkish crypto exchange, BtcTurk
Crypto exchange Coinbase is reportedly in talks to purchase Turkish cryptocurrency exchange BtcTurk at a price of $3,2B. Bloomberg reported on Thursday that cryptocurrency exchange Coinbase (COIN) is in talks to buy Turkey’s BtcTurk, citing a paywalled piece by MergerMarket. MergerMarket’s five sources told Bloomberg that the deal might be worth roughly $3.2 billion. The […]