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BtcTurk $48M Cross-Chain Alert — Monitor Exchange Risk

I detected a report that Turkish exchange BtcTurk showed abnormal activity involving about $48 million in digital assets across multiple blockchains (ETH, AVAX, ARB, BASE, OP, MANTLE, MATIC). Alerts flagged transfers concentrated to two addresses and the attacker has begun swapping assets.

I note the exchange has suspended deposits and withdrawals and stated teams are responding. This is a cross-chain security incident with high operational risk for on-exchange balances.

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Analysis

Multiple-chain alerts and funds consolidated to two addresses suggest an active exploit or coordinated illicit transfer; attacker activity (swapping) increases the chance of irreversible loss. Suspens...

Recommendation

Avoid depositing or trading on BtcTurk, do not rely on the exchange for custody until official investigation concludes, and monitor announcements. If you held assets there, consider contacting support...

Disclaimer

The 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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