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Crypto Change BtcTurk Experiences $48M Value of Suspicious Outflows Amid Hack Fears

Round $48 million value of cryptocurrency has been moved from wallets tied to Turkish alternate BtcTurk, elevating fears of a possible hack.

The incident concerned massive transfers of ether (ETH), Avalanche’s AVAX (AVAX), Arbitrum’s ARB (ARB), Base (BASE), Optimism’s OP (OP), Mantle

, and Polygon’s MATIC (MATIC), with the majority of the funds consolidating into simply two recipient addresses.

Blockchain monitoring system Cyvers flagged the exercise, triggering alerts that instructed a focused exploit reasonably than routine operational actions.

Cyvers added that it was in touch with Btcturk, which is taking “speedy motion” and has suspended deposits and withdrawals.

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