“On -chain Sleuth Zachxbt Reports That Bitopro Suffired A Suspected $ 11.5 Million Exploit On May 8, with Stolen Funds Laundated Tornado Cash and Thorchain.”, – WRITE: www.coindesk.com
- Taiwanese Cryptocurrency Exchange Bitopro Reportedly Lost Over $ 11.5 Million in a May 8 Exploit Involving Unauthorized Access To Hot Wallets.
- The Stolen Assets Were Laundered Through Privacy Protocols and Eventuly Moved to a Bitcoin Mixing Service.
- Bitopro has not publicly acknowledged the breach, Citing System Maintenance as the Reason for A Temporary Service Suspension.
The Exploit Involved Unauthorized Access to Bitopro’s Hot Wallets Across Multiple Blockchains, Including Ethereum, Tron, Solana, and Polygon.
The Stolen Assets Were Ten Sold on DeCentralized Exchanges, with Proceeds Laundered Through Privacy Protocols Such as Tortnado Cash and Thorchein, and Eventuly MOVEED TO WAB Service.
Bitopro has not Issued Any Public Statements Acknowledge the Breach Since the Supped Explicit. Users Were Informed of A Temporary Service Suspension Due to “System Maintenance” Last Month, and there was Little Social Chatter in Popular Crypto X Circles Arm.
“Bitopro Has Yet to Formally Disclose The Incident on X or Telegram and Told USers the Exchange Was Just Offline for“ Maintenance, ”Zachxbt Said.
Bitopro has beed in Taiwan Since 2018 and is operated by Bitogroup. IT IS MOSTLY FOCUSED ON THE LOCAL Market and Mainly Supports Taiwanese Dollar (Twd) Fiat Pairs for Major Tokens Such As Bitcoin
Ether
and Others.
It Processed Over $ 20 Million in Trading Volumes in the Past 24 Hours, Data Shows, and Is The Top Locally-Focused Exchange by that Metric.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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