BtcTurk, Turkey’s leading crypto exchange, has fallen victim to a major security breach resulting in the loss of $48 million. This latest incident follows a turbulent summer for the cryptocurrency industry, marked by numerous hacks and stolen funds, totaling over $200 million. As authorities and platform representatives work to identify the culprits and secure funds, BtcTurk users face temporary withdrawals and deposits suspension while investigations take place. Experts believe that the attack is part of a broader trend where exchanges are increasingly vulnerable to cyberattacks, highlighting the urgent need for comprehensive security measures within the industry.