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BITO

BitoPro Hack and Asset Leakage Highlights Security Concerns

The on-chain detective ZachXBT posted on his personal channel that the cryptocurrency exchange BitoPro might have been hacked on May 8, 2025, with losses amounting to approximately $11.5 million. The stolen funds show suspicious outflows from hot wallets across platforms like Tron, Ethereum, Solana, and Polygon, and are being sold on decentralized exchanges (DEXs). Subsequently, the stolen assets were moved into Tornado Cash, bridged to Bitcoin via Thorchain, and deposited into Wasabi. As of now, BitoPro has not officially announced the incident on X or Telegram, only claiming that their trading services are "offline for maintenance."
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AI Analysis

The report from ZachXBT suggests a significant security incident involving BitoPro, one of the cryptocurrency trading platforms. The estimated loss of $11.5 million indicates a successful breach, pote...

AI Recommendation

Given the current information, it is advisable for users and investors to exercise caution when dealing with BitoPro or similar platforms until further details are available. The lack of transparency ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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