Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Binance has frozen $5 million in funds looted from BtcTurk following the alleged $54 million hack of the Turkish exchange.
ADOPTION NEWS

Binance has frozen $5 million in funds looted from BtcTurk following the alleged $54 million hack of the Turkish exchange.

By Crypto FlexsJune 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance has frozen  million in funds looted from BtcTurk following the alleged  million hack of the Turkish exchange.
Share
Facebook Twitter LinkedIn Pinterest Email
Security • June 22, 2024 2:42 PM EDT

Posted 1 minute ago In ~

Turkish cryptocurrency exchange BtcTurk announced that a cyberattack affected cryptocurrencies stored in 10 hot wallets after suspicious transactions were reported. avalanche Avex

-6.81%
Tokens on Saturday. The exchange stated that the cold wallet containing most of the assets remains safe and the company’s solvency is still maintained. presentation.

Binance CEO Richard Teng announced at

Blockchain detective ZachXBT said timing analysis showed that suspicious transfers of approximately $54 million in Avalanche tokens were likely linked to the attack. The funds were transferred to exchanges such as Binance and Coinbase using THORChain and then withdrawn to two separate wallets in Bitcoin in a large transaction that occurred almost simultaneously with the disclosure of BtcTurk’s attack, ZachXBT noted.

Additionally, the Avalanche wallet involved was previously identified by blockchain researchers as belonging to a Turkish cryptocurrency exchange, lending credibility to the link between BtcTurk and Avalanche transfers.

Zach Sportsbet could not immediately be reached for comment by The Block, but a message on Sportsbet’s homepage reads under the heading “Cashier Maintenance” that “trading on the BTC and BSC networks, as well as gameplay with BTC and BNB, are currently unavailable.” A message appears. ”

Avalanche prices fell about 10% after the move, but have since recovered 5% from Saturday’s low, according to The Block’s Avalanche pricing page.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

QCP Capital: Bitcoin Volatility Likely to Ease as Markets Anticipate Fed Rate Cut

August 31, 2024

Alt season alert: Bitcoin dominance collapses, altcoins in the spotlight

May 2, 2024

Bitcoin miner profits have plummeted for six months. What’s going on?

December 2, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.