Turkish Cryptocurrency Exchange Attacked: 10 Coins Affected!

BTCTurk, one of Turkey’s leading cryptocurrency exchanges, announced that it was subjected to a cyber attack on June 22, 2024. As a result of the attack, some of the balances in the hot wallets of 10 cryptocurrencies were affected. The company announced that most of its assets are in trust and that user assets will not suffer losses. This incident once again reveals the risks of crypto investments and reminds investors that investors should be careful.

Cyber ​​attack shock in the cryptocurrency exchange

BTCTurk, one of Turkey’s largest crypto exchanges, announced today that it was subjected to a cyber attack through its portable application. It was stated that the attack took place on June 22 and some of the balances in the hot wallets of 10 cryptocurrencies were affected. No clear information was shared about the size of the attack and how much of the balance was affected. In its first statement, the company emphasized that cold wallets, where a large portion of its assets are held, are safe. When you enter the BtcTurk application, a text as follows appears in the notifications section:

BTCTurk also stated that its financial strength is well above the amounts affected by this attack and that user assets will not suffer any loss. While the company’s groups are currently conducting detailed investigations into the incident, it has been reported that official authorities have also been contacted. Cryptocurrency deposit and withdrawal processes have been stopped as a precaution. BTCTurk announced that the processes will be reopened after the work is completed as soon as possible.

Which coins are affected?

In the statement made by BTCTurk, it was not stated which 10 cryptocurrencies were affected by the attack. BTCTurk announced that it will continue to share the latest developments about the incident with its users.  

The hacking problem in the crypto space is growing

Attacks on cryptocurrency platforms have been increasing in recent years, and this is shaking the confidence of investors. Attackers can infiltrate the system by using vulnerabilities in the platforms or by deceiving employees. In these raids, a large amount of crypto money is stolen and the platforms suffer valuable financial losses. Although the size of the attack and how it occurred are not yet known exactly, this incident is a reminder that investors should be careful when investing in cryptocurrencies. Investors can pay attention to the following factors:

• Use strong passwords: Use strong and unique passwords for your accounts and do not share them with anyone.
• Enable two-factor authentication: Enable two-factor authentication on your accounts. This makes unauthorized access to your account difficult.
• Diversify your investments: Do not invest all your investments in a single platform or cryptocurrency.
• Be careful: Beware of scams and fraud attempts. If you encounter something in doubt, do your research before investing.
• Cryptocurrency investments involve high risks. Therefore, it is important to consider these risks and take the necessary precautions before investing.