$48,930,711 in Crypto Assets Looted in Massive Exchange Hack As Stolen Haul Converted to Ethereum: On-Chain Data
New data from the cybersecurity firm PeckShield reveals that tens of millions of dollars worth of digital assets were stolen from the crypto exchange BtcTurk. In a new post on X, PeckShield says that the Turkish crypto exchange platform BtcTurk has been exploited to the tune of $49 million worth of crypto assets, $38.6 million of which was Ethereum (ETH), the second-largest cryptocurrency by market cap. Other notable digital assets stolen include $4.3 million worth of layer-1 blockchain Avalanche (AVAX), $1.9 million worth of the layer-2 scaling solutions Arbitrum (ARB), as well as $1.2 million worth of fellow layer-2 Optimism (OP). Source: PeckShield/X PeckShield goes on to note that the hacker started converting his stolen funds to Ethereum using the MetaMask crypto wallet. In a message on X, BtcTurk tells its customers that crypto deposits and withdrawals have been temporarily suspended until the issue is resolved. “During inspections conducted on Augu...