BTCTurk Hack Don See Over $48M Steal from Hot Wallets, Beosin Dey Track Funds
Di BTCTurk hack don make dem comot pass $48 million from many hot wallet dem. Wey Beosin analysis talk, di hackers clear three BTCTurk hot wallet address before dem begin move di assets go through three middle men address plus waka finish for four deposit address. Di money wey dem comot dey inside Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Arbitrum (ARB), Base (BASE), Optimism (OP), and Polygon (MATIC). Beosin use im Trace tool take follow how money move for EVM and Bitcoin chains. Dis palava show how crypto exchange security still dey toch tough. BTCTurk never talk di root cause yet, e fit be say inside security for key management or signing devices slip. Beosin don blacklist di address dem wey join dis matter and dem still dey watch. Traders need be alert for any market wahala after dis big breach.
Bearish
High-profile exchange hacks dey usually chop trader confidence and make dem sell quick quick. The BTCTurk hack carry big assets across major blockchains, wey show say security get serious wahala. Na similar thing happen for KuCoin wey cause market to drop and regulatory people come dey watch well well. For short time, BTC and altcoins wey relate to the stolen funds fit feel negative pressure as traders dey digest the news. For long term, this kain thing fit make people want better custody solution and insurance products, but people go still dey cautious till dem see say security don improve.