Losses exceed $48 million: BTCTurk exchange theft: Funds traced

Currently, the reason for the BTCTurk hot wallet attack has not been disclosed. Investigations and evidence collection are needed for multiple aspects of the exchange's internal operational security, signature device security, mnemonic phrase management, and signature environment security. Similar exchange security incidents have occurred numerous times before, including the Bybit incident, the largest security incident in the crypto space, where over $1.44 billion was stolen. Also included is Beosin's analysis of the $235 million theft from the Indian exchange WazirX. Exchange security remains a major challenge within the Web3 ecosystem, requiring the continued efforts and collaboration of exchanges, security companies, regulators, and law enforcement agencies. Beosin Trace has added the hacker addresses associated with this incident to its blacklist and will continue tracking them.