CertiK Alert reported abnormal hot wallet activity on BtcTurk, prompting suspended crypto transactions as the exchange assures asset security and ongoing investigation.
On August 15, CertiK Alert reported that suspicious withdrawals from Turkish crypto exchange BtcTurk have reached about $54 million. BtcTurk confirmed detecting abnormal activity in its hot wallets and has temporarily halted cryptocurrency deposits and withdrawals during an investigation. The exchange stated most assets are stored in secure cold wallets, user funds are unaffected, and financial stability is intact. Turkish lira transactions continue normally, and regulatory authorities have been informed. Full security measures have been implemented to address the incident.