Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising fears of a potential hack.
The incident involved large transfers of ether (ETH) , Avalanche’s AVAX (AVAX) , Arbitrum’s ARB (ARB) , Base (BASE) , Optimism’s OP (OP) , Mantle
, and Polygon’s MATIC (MATIC) , with the bulk of the funds consolidating into just two recipient addresses.
Blockchain monitoring system Cyvers flagged the activity, triggering alerts that suggested a targeted exploit rather than routine operational movements.
Cyvers added that it was in contact with Btcturk, which is taking “immediate action” and has suspended deposits and withdrawals.
