Approximately $11.5 million was drained from BitoPro's hot wallets on May 8, involving assets from various networks like Tron, Ethereum, Solana, and Polygon.
ZachXBT exposed suspicious transactions and accused BitoPro of concealing the security breach, pointing out the lack of public communication from the exchange regarding the incident.
The flow of funds was visualized by ZachXBT, showing assets passing through crypto mixers like Tornado Cash, Thorchain, and Wasabi to obfuscate the trail.
The incident raises questions about BitoPro's transparency and handling of security breaches, with potential reputational damage looming due to the lack of disclosure and response.