BtcTurk Exchange Hit by Major Hack, Over $23 Million Stolen and Transferred to Ethereum

A significant security breach has been reported at BtcTurk, a prominent cryptocurrency exchange based in Turkey. The hack reportedly resulted in the theft of over $23 million worth of Bitcoin (BTC) from their platform. Quick action was taken by the attacker who immediately converted the stolen funds into Ethereum (ETH), using decentralized exchanges to obscure the origin and make tracing the funds more difficult.