SlowMist Confirms $48 Million Hack Targeting BtcTurk Exchange

Market sources report BtcTurk’s latest $48 million crypto theft closely mirrors an August breach, highlighting ongoing vulnerabilities in exchange security.

Fact Check
The core claims of the statement—that the BtcTurk Exchange was hacked and lost approximately $48 million—are overwhelmingly supported by multiple high-authority sources, including CCN.com, CoinMarketCap, and a syndicated article on Yahoo Finance. This establishes the factual basis of the event itself.The central point of assessment is whether the cybersecurity firm SlowMist specifically confirmed these events. While most high-authority sources do not mention SlowMist, instead attributing information to the exchange's official statement or another security firm (Cyvers), there is one crucial piece of evidence that directly supports the claim. A Twitter search result, despite its low authority score, contains a snippet that explicitly references the "official SlowMist team" in the context of the BtcTurk hack and the $48 million loss. This single piece of direct, positive evidence is significant. The lack of mention in other articles is evidence by omission, which is weaker than a direct contradiction. It is plausible that multiple security firms commented on the event and different news outlets focused on different sources. Therefore, with the main facts of the hack being indisputable and direct evidence linking SlowMist to the event, the statement is assessed as likely true.
Summary

Market sources revealed that Turkish crypto exchange BtcTurk was hacked, resulting in $48 million in losses. The event is reminiscent of an August 14 breach that also caused about $49 million in losses, underscoring persistent security risks for the platform.

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