BtcTurk halts withdrawals after $48M crypto hack sparks panic!

BtcTurk has halted crypto withdrawals after a suspected hack drained over $48 million from its hot wallets. The attacker is actively laundering the stolen funds across multiple chains, mainly converting them to Ether.

Turkish crypto exchange BtcTurk has suspended withdrawals following a major security breach, with estimated losses exceeding $48 million.

The attacker started swapping the loot for Ethereum [ETH] across multiple chains. For now, users are left watching their funds get rerouted, while BtcTurk scrambles to contain the damage.