Bitopro Confirms $11M Hack, Taiwan Crypto Exchange Says it Has Replenished Lost Funds

Details of the May hack were first revealed by blockchain sleuth and Paradigm advisor ZachXBT.

• BitoPro, a Taiwan-based crypto exchange, confirmed a cyberattack on an old hot wallet in May, resulting in over $11 million in losses.
• The exchange replenished the stolen funds, moved assets to new wallets, and assured that user assets were unaffected.
• BitoPro is collaborating with a cybersecurity firm to investigate the breach and plans to publish new hot wallet addresses for transparencyTaiwan-based crypto exchange BitoPro has confirmed to CoinDesk that it suffered a cyberattack on an old hot wallet in May, resulting in losses of over $11 million.

  The company said it immediately replenished the stolen funds and moved assets to new wallets to prevent further losses.