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BitoPro $11.5M Incident – ZachXBT Exposes New Security Failures

  • 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.

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