BitoPro Crypto Exchange Don Suffer $11M Theft, Dem Improve Security Plus Assure Say User Fund Dey Safe

BitoPro, one big cryptocurrency exchange wey dey Taiwan, report say dem get one serious security wahala wey cause lawlessness of over $11 million crypto assets from one old hot wallet during system upgrade for May 2025. Blockchain investigator wey name na ZachXBT na im discover the gbege and e talk say the thief quickly launder the money through decentralized exchange and privacy mixer like Wasabi Wallet. BitoPro come quickly stop all deposits and withdrawals to stop more loss, replace wetin dem lose from their reserves, and move the assets to new secure wallets. The company also talk say the user funds secure throughout the incident, and trading no stop. Dem dey work with third-party cybersecurity and law enforcement to track the stolen funds and to make their security protocols strong. Most of the user assets dey stored offline in cold wallets so risk for future go reduce. BitoPro promise say dem go fully compensate people wey lose money and dem wan bring more transparency by publishing new wallet addresses. This matter show say crypto exchange sector still get security problem and the need for strong security and quick response to protect trader money and keep market confidence.
Bearish
News say BitoPro lose pass $11 million because of security breach na bad development for the exchange and e fit make traders lose confidence for the platform, at least for short term. Usually, this kind thing go make people withdraw more money, regulators go watch more closely, plus e fit make plenty people sell their tokens as traders dey evaluate operational risk plus wetin this mean for reputation. But BitoPro quick move to pay back users, move wallets, and tighten security dey help reduce how e go affect them long-term something. Past similar cases show say price or volume go drop for short time for affected platforms or their tokens, but market dey calm down once people begin see clear recovery steps. Overall feeling dey bearish for BitoPro sharp sharp, because security worries big pass confidence until all matter settle and people trust the platform again.