Massive Crypto Swing Stirs Questions at Top Turkish Exchange

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.