Massive Crypto Swing Stirs Questions at Top Turkish Exchange
Main Idea
BtcTurk, a major Turkish cryptocurrency exchange, is under scrutiny due to suspicious asset movements totaling $48 million, with warnings issued for multiple cryptocurrencies, though the exchange has not officially confirmed any attack.
Key Points
1. Suspicious asset movements of $48 million were observed from BtcTurk, distributed primarily to two addresses.
2. Cyvers Alerts issued warnings for ETH, AVAX, ARB, BASE, OP, MANTLE, and MATIC, cautioning investors.
3. BtcTurk has not officially confirmed the attack allegations and has suspended some services temporarily.
4. High inflation data contributed to Bitcoin's drop to $119,000, adding to market volatility.
5. The incident highlights the complexities and pressures faced by cryptocurrency exchanges in volatile markets.
Description
BtcTurk faces allegations of a hack involving $48 million in crypto assets. No official confirmation or detailed explanation has come from the exchange yet. Continue Reading: Massive Crypto Swing Stirs Questions at Top Turkish Exchange The post Massive Crypto Swing Stirs Questions at Top Turkish Exchange appeared first on COINTURK NEWS .
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