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.