Hackers Steal $48M From BtcTurk in Hot-Wallet Breach

Published at 2026-01-05 13:00:12

Turkish cryptocurrency exchange BtcTurk disclosed on Jan. 5, 2026 that attackers siphoned roughly $48 million from its hot wallets across several blockchain networks. The exchange said the funds were taken from hot-wallet addresses rather than cold storage; specific details about the exploited vulnerability, the exact chains and affected assets were not immediately released.

The loss highlights persistent risks tied to hot-wallet custody and could weigh on user confidence and regulatory scrutiny. Incidents of this size typically spur blockchain forensics, temporary operational limits and closer oversight as exchanges investigate and consider remediation or compensation — developments users and counterparties should monitor while BtcTurk works to contain the breach.

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