BtcTurk Hit by $48 Million Multi-Chain Exploit, Halts Withdrawals

Turkish cryptocurrency exchange BtcTurk is facing a suspected multi-chain exploit with estimated losses exceeding $48 million. Deposits and withdrawals have been halted while trading and local currency activities remain active. The suspicious activity was detected by blockchain security platform Cyvers, involving multiple networks and transfers of large sums of assets to wallets controlled by the attacker.