Over $48 Million Lost! BTCTurk Cryptocurrency Exchange Heist: Funds Traced

Exchange Security Remains a Major Challenge in Web3 Ecosystem, Requiring Continuous Efforts and Cooperation from Exchanges, Security Companies, Regulators, and Law Enforcement Recently, cryptocurrency exchange BTCTurk confirmed in an announcement that it was hacked, with **multiple on-chain hot wallets abnormally transferring funds exceeding $48 million**. The Beosin security team analyzed and tracked the funds, sharing the following results: Currently discovered hot wallet addresses with fund transfers: 0xde2faca4bbc0aca08ff04d387c39b6f6325bf82a 0x2cea0297bfb1b55ff37126b677d78e2b1fd2e856 0xb5a46bc8b76fd2825aeb43db9c9e89e89158ecde **Involving chains such as Bitcoin, ETH, AVAX, Arbitrum, Base, Optimism, and Polygon**. Currently detected hacker transfer addresses: 0xa041feb3a8297c5689fee180083164a061a17fd6 0xb4b537626e21df5386cf167d1e654b38785056cc 0x7d91d1ebeba91257733a523409125aedac5d8b6e **Hacker settlement addresses**: 0x0fe41fe8786329fb6bd8f2baa73aa55e770f0951 0x95ab53305bc71d0e6e2d68f2e62690599cbc87fc 0xddfa0884f32d0d210597a996060fbdb5b068b0ea bc1q3xgyvmfk6mw6zvhjklsw7v8wl2dk0xtm35ulut **Using the Beosin Trace tool to track stolen funds**, the following fund flow diagrams for stolen funds on EVM and Bitcoin chains can be obtained. **Currently, the reason for the BTCTurk hot wallet attack has not been disclosed. Multiple aspects need investigation and evidence collection, including internal exchange operational security, signature device security, seed phrase management, and signature environment security**. Similar exchange security incidents have occurred previously, such as the Bybit event and the WazirX event. **Exchange security remains a major challenge in the Web3 ecosystem**, requiring continuous efforts and cooperation from exchanges, security companies, regulators, and law enforcement. **Beosin Trace has added the hacker-related addresses from this incident to its blacklist and will continue tracking.** **Disclaimer**: As a blockchain information platform, the articles published on this site represent only the personal views of the authors and guests, and are not related to Web3Caff's stance. The information in the articles is for reference only and does not constitute any investment advice or offer. Please comply with the relevant laws and regulations of your country or region.