Taiwanese cryptocurrency exchange BitoPro confirms it was hacked, resulting in a loss of 11 million dollars

2025-06-06 14:40:05

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ChainCatcher news, according to CoinDesk, Taiwan's cryptocurrency exchange Bitopro confirmed that its old hot wallet was attacked during a wallet system upgrade in May, resulting in losses exceeding $11 million. The exchange stated that it has immediately replenished the stolen funds and transferred assets to a new wallet, ensuring that user assets were unaffected, and all deposit, withdrawal, and trading functions are operating normally.

The attack was initially revealed by blockchain detective ZachXBT, and the stolen funds were laundered through decentralized exchanges and privacy protocols before being deposited into the Bitcoin mixer Wasabi Wallet. BitoPro is currently collaborating with a third-party cybersecurity firm to investigate the incident and plans to announce a new hot wallet address to enhance transparency.

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