What is the Latest Situation Regarding the BtcTurk Hack? Hackers Are Constantly Swapping Their Funds – Here Are Their Current Assets

BtcTurk, one of Türkiye's largest cryptocurrency exchanges, announced today that unusual movements were detected in its hot wallets.

The company announced that it has temporarily suspended cryptocurrency deposits and withdrawals as a precautionary measure and that transactions will be reopened once the work is completed.

BtcTurk's statement asserted that the vast majority of user assets are held in secure cold wallets and will not be affected by this situation. According to the statement, Turkish Lira deposits and withdrawals continue uninterrupted.

On-chain data shows that approximately millions of dollars' worth of digital assets were swapped from the initial hacker addresses and then moved to two primary addresses. The first address held $19.4 million in assets, and the second held $22.6 million.

The asset distribution at the first address is as follows:

Ethereum Network – $ETH: 3,489.82 units – $15.90 million (81.62%)

Avalanche Network – $AVAX: 81,127.66 units – $1.92 million (9.85%)

Arbitrum Network – $ETH: 204.95 units – $933,000 (4.79%)

Base Network – $ETH: 47.29 units – $215,000 (1.11%)

Optimism Network – $ETH: 37.90 units – $172,000 (0.89%)

zkSync Network – ZK: 1.82 million units – $116,000 (0.60%)

Mantle Network – $MNT: 94,293 units – $103,000 (0.53%)

Polygon Network – POL: 289,333 units – $68,000 (0.35%)

Moonbeam Network – GLMR: 645,209 units – $48,000 (0.25%)

The asset distribution at the second address is as follows:

• Ethereum Network – $ETH: 3,845.16 units – $17.53 million (77.30%)
• Avalanche Network – $AVAX: 86,550 units – $2.04 million (9.03%)
• Optimism Network – $ETH: 221.15 units – $1.00 million (4.44%)
• Arbitrum Network – $ETH: 190.66 units – $869,000 (3.83%)
• Base Network – $ETH: 126.17 units – $575,000 (2.54%)
• Moonbeam Network – GLMR: 5.26 million units – $395,000 (1.74%)
• Mantle Network – $MNT: 225,770 units – $248,000 (1.09%)
• zkSync Network – $ETH: 0.83 units – $3,813 (0.02%)

*This is not investment advice.