Turkish crypto exchange BTCTurk warns of security incident after $49 million leaves platform

A popular cryptocurrency platform in Turkey temporarily suspended deposits and withdrawals after security firms tracked $49 million worth of coins leaving the platform in transactions on Thursday morning. 

BTCTurk confirmed that it is experiencing a security incident in a statement, writing that an investigation was initiated after they discovered unusual activity in the company’s hot wallets. 

The platform said it plans to reopen deposits and withdrawals once the investigation is completed. 

Read more at The Record