Bitopro Confirms $11M Hack, Taiwan Crypto Exchange Says It Has Replenished Lost Funds
From Yahoo Finance: 2025-06-06 02:29:00
Taiwan-based crypto exchange BitoPro was hit by a cyberattack on an old hot wallet in May, resulting in over $11 million in losses. The stolen funds were quickly replenished, and assets were moved to new wallets to prevent further losses. The breach occurred during a wallet system upgrade and was flagged by blockchain sleuth ZachXBT.
BitoPro assured users that their assets were unaffected, with all functions continuing as normal. The exchange is working with a cybersecurity firm to investigate the hack and plans to publish new hot wallet addresses for transparency. The majority of assets are held in offline cold wallets for added security against future incidents.
BitoPro, operating since 2018, serves Taiwan’s crypto market and supports major cryptocurrencies paired with the Taiwanese dollar. It processed over $20 million in trading volume in the past 24 hours.
Read more at Yahoo Finance: Bitopro Confirms $11M Hack, Taiwan Crypto Exchange Says It Has Replenished Lost Funds