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$48M in crypto shows unusual activity, linked to Turkish exchange.

14.08.2025 12:27

A significant security incident has unfolded, involving a Turkish cryptocurrency exchange and resulting in the suspicious movement of digital assets valued at approximately $48 million. The unusual activity was flagged across several blockchain networks, including Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon.

Within a half-hour timeframe, monitoring systems detected numerous alerts signifying the transfer of considerable funds. These assets, predominantly channeled to two specific cryptocurrency addresses, are now undergoing exchange for other digital currencies. The exchange’s team has been notified and is actively working to resolve the situation, while temporarily suspending both deposit and withdrawal services to mitigate further losses.

The affected cryptocurrency exchange is currently under investigation, with all indications pointing towards a sophisticated attack. The swift action taken by the exchange, including the immediate suspension of transactions, demonstrates a proactive response to the evolving situation. The investigation is ongoing, and further details are expected to be released as they become available. The incident underscores the inherent risks associated with cryptocurrency trading and highlights the importance of robust security protocols for all exchanges, regardless of size or location.