BtcTurk Hack: $48 Million Stolen in Major Crypto Heist

A significant security breach at Turkey’s second-largest crypto exchange, BtcTurk, has resulted in the theft of $48 million worth of cryptocurrency assets. The hack, which impacted eight different blockchains including Ethereum and Avalanche, occurred in August 2025. This incident marks a disturbing trend in a year that has already seen over $2.2 billion in crypto asset losses through various hacks, underscoring vulnerabilities in the industry’s infrastructure.