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BtcTurk: Most of the assets are held in a secure cold wallet, and user funds are unaffected

By: theblockbeats.news|2025/08/14 14:02:09

BlockBeats News, on August 14, BtcTurk announced that on August 14, 2025, it detected unusual activity in the hot wallet, and as a security measure, the platform has temporarily suspended cryptocurrency deposits and withdrawals until the investigation is completed. The official statement mentioned that the majority of the assets are held in a secure cold wallet, the company's financial situation is robust, and user funds are not affected. Turkish Lira deposits, withdrawals, and trading functionalities are operating normally. The platform has notified regulatory authorities and has taken all security measures.

A certain smart money has liquidated 2857 ETH, making a profit of $5.2 million.
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