Data leak
[loss] $85M+
BtcTurk status page
Primary Source ↗Financial Loss
$84.7M
(84,700,000 USD)
Recovered
$5.3M
Incident Details
The Turkish cryptocurrency exchange BtcTurk has acknowledged that they suffered a hack that impacted ten hot wallets containing multiple cryptocurrencies. The exchange halted deposits and withdrawals while investigating, and said they are working with law enforcement.It appears that assets notionally worth around $55 million were stolen. Furthermore, the exploiter sold substantial amounts of some cryptocurrencies, including Luna Classic, causing major price movements in those tokens.According to newly installed Binance CEO Richard Teng, Binance froze $5.3 million of the stolen assets.
Total loss estimated at $84,700,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- BtcTurk
Timeline
- 2024-06-22 Breach occurred
- 2024-06-22 Publicly disclosed