Taiwan-based cryptocurrency exchange BitoPro has admitted to a significant security breach impacting over $11.5 million in digital assets. The theft was confirmed on June 2nd, weeks after suspicious transactions on May 8th, 2025, first flagged by blockchain investigator ZachXBT. The stolen funds were allegedly moved across various blockchains (Ethereum, Tron, Solana, Polygon), further obfuscated using crypto mixers like Tornado Cash and the THORChain decentralized exchange network. This incident follows a pattern of recent large-scale cryptocurrency hacks targeting both centralized and decentralized platforms, with others like Cetus losing over $220 million in May 2025 and Nervos suffering a $3 million exploit recently. BitoPro acknowledged the hack on June 2nd via a statement, revealing that they suffered an attack during a hot wallet system upgrade which exploited outdated software. The exchange has promised to work with external security firms to recover the stolen funds, and plans to release the address of their new hot wallet for independent tracking efforts.