BitoPro confirms $11.5M exploit, says withdrawals unaffected
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Taiwan-based exchange BitoPro confirmed a $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals remain unaffected.
Taiwan-based cryptocurrency exchange BitoPro has confirmed a security breach that led to the loss of more than $11.5 million in digital assets from its hot wallets on May 8.
The suspicious transactions, which occurred across hot wallets on Ethereum, Tron, Solana and Polygon, saw asset outflows to decentralized exchanges (DEXs) where they were later marked as sold, according to onchain investigator ZachXBT.
Despite the incident, BitoPro did not disclose the exploit on X or Telegram for several weeks, ZachXBT said in a June 2 post on X.
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