BtcTurk Hack Exceeds $48 Million, Impacting Multiple Blockchains

A significant hack of BtcTurk, Turkey’s second-largest cryptocurrency exchange, has resulted in estimated losses of around $48-$49 million. The attack, involving a sophisticated hot wallet exploit, affected multiple blockchain networks and triggered temporary suspension of crypto transactions as security concerns arose. The incident highlights the vulnerabilities inherent in crypto exchanges and raises questions about user trust.