BitoPro, a prominent Taiwanese crypto exchange founded in 2018, is suspected to have suffered a major security breach in early May—yet it has remained publicly silent.
According to blockchain analyst ZackXBT, the platform was likely hacked for approximately $11.5 million on 8 May.
On-chain data reveals that funds were siphoned from BitoPro’s hot wallets across multiple chains, including TRON, Ethereum, Solana, and Polygon.
The stolen assets were then funnelled through Tornado Cash, a widely used crypto mixer, or bridged to Bitcoin via THORChain, a decentralised exchange known for cross-chain swaps.
The laundered Bitcoin was ultimately transferred to Wasabi Wallet, a privacy-centric, open-source BTC wallet.
With a daily trading volume of around $25 million, BitoPro ranks among Taiwan’s leading crypto exchanges—raising further questions about transparency and user security in the wake of this alleged breach.
BitoPro has yet to issue an official statement regarding the suspected hack.
Since 9 May, the exchange has repeatedly cited “maintenance” issues in its official Telegram group, prompting growing frustration among users.
Many have reported persistent problems with deposits and withdrawals, raising concerns about the true nature of the disruption.
User alleges account information was changed without consent
In the wake of ZackXBT’s findings, the community has accused BitoPro of using prolonged “maintenance” notices to obscure a serious breach.
Missing funds raise questions about insider access
Incidents like this continue to erode public trust in crypto platforms—an issue not limited to smaller exchanges.
Even major players have been targeted.
In February, leading exchange Bybit suffered a $1.5 billion hack but responded with transparency and has since restored liquidity to pre-incident levels.
The contrast highlights the growing importance of openness and accountability in the face of security challenges.
Japan’s government is discussing cash handouts of ¥30,000–¥50,000 per person to ease the impact of rising living costs and new US tariffs. The move comes as inflation and a weak yen put pressure on households, while a 24% US tariff on Japanese goods adds to economic concerns.
WeatherlyHong Kong’s SFC has approved staking services for licensed crypto platforms, advancing the city’s goal of becoming a global crypto hub. HashKey can now offer Ethereum staking, including for spot ETFs—signaling rising regulatory support for digital assets.
KikyoCardano’s Midnight sidechain will distribute tokens to 37 million users across eight major blockchains, including Bitcoin and Ethereum, in one of the largest airdrops in blockchain history. The airdrop, called the Glacier Drop, will issue NIGHT and DUST tokens and aims to promote privacy in decentralized finance.
AnaisThe British government is developing a controversial program to predict murders using data from individuals known to authorities. While some see it as proactive crime prevention, others view it as speculative policing. Is this innovation or over reach?
CatherineAlbert Saniger, founder of the Nate app, falsely claimed it used AI to automate e-commerce transactions, raising over $40 million from investors. In reality, human workers in the Philippines handled most tasks, leading to fraud charges against Saniger.
WeatherlyRipple and the SEC have filed a joint motion to pause their appeals for 60 days while finalising a settlement. The move follows an agreement in principle to resolve the lawsuit, including the SEC's appeal and charges against Ripple executives.
AnaisBertie Ahern, former three-term Prime Minister of Ireland and a key architect of the Good Friday Agreement, chairs the board.
AlexThe Trump administration has granted temporary tariff exemptions for key electronics. But Commerce Secretary Lutnick stressed the relief is short-term. The move adds to a string of policy shifts, sparking criticism over strategic inconsistency and raising questions about the true direction of US trade policy.
CatherineBinance users are reporting targeted SMS phishing scams mimicking official alerts. The messages likely exploit leaked user data and uniform formatting to deceive recipients. In response, Binance has extended its Anti-Phishing Code to SMS, urging users to verify messages and report suspicious activity.
KikyoBitcoin’s price jumped above $84,000, and signs suggest Strategy may have resumed buying after a brief pause. The company now holds nearly 3% of all Bitcoin, and its investment is up around 24% despite recent market volatility.
Anais