menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

BitoPro Co...
source image

TronWeekly

3d

read

99

img
dot

Image Credit: TronWeekly

BitoPro Confirms $11.5M Hack After ZachXBT Flagged Unusual Wallet Activity

  • BitoPro, a Taiwan-based crypto exchange, confirmed a hack resulting in a loss of $11.5 million after ZachXBT flagged unusual wallet activity.
  • ZachXBT identified suspicious movements from BitoPro's hot wallets, where assets were funneled through Tornado Cash and deposited into Wasabi.
  • Despite early warnings, BitoPro remained silent until public pressure mounted, causing concerns about fund safety on centralized crypto platforms.
  • The exchange confirmed the breach occurred during a wallet system upgrade, assured users of fund security, but did not disclose specific details, leading to user frustration.

Read Full Article

like

5 Likes

For uninterrupted reading, download the app