The post BitoPro admits to $11.5M exploit after ZachXBT raised the alarm appeared on BitcoinEthereumNews.com.

Crypto investigator ZachXBT claimed on June 2 that Taiwan’s exchange BitoPro was likely hacked, resulting in a loss of nearly $11.5M. Hot wallets on Tron, Ethereum, Solana, and Polygon saw suspicious outflows on May 8, and the stolen assets were sold via DEX. The on-chain detective blew the whistle on Sunday, claiming that BitoPro was possibly hacked and the funds went into a coin mixer. According to ZachXBT, the loot was drained from hot wallets across multiple chains and laundered via Tornado Cash and Thorchain. Funds were then deposited into Tornado Cash or bridged Bitcoin via THORChain before they were deposited into Wasabi. The exchange has so far not officially acknowledged the incident, suspending its services only on the grounds of “system maintenance.” BitoPro acknowledges security breach weeks after incident  【BitoPro Official Statement: June 2, 2025】BitoPro recently experienced a cyberattack on an old hot wallet during a wallet system upgrade. Upon detection, we quickly launched an emergency response, securing assets by moving them to new wallets and blocking the attacker. — BitoGroup 幣託集團 (@BitoEx_Official) June 2, 2025 BitoPro finally confirmed three weeks after the incident that it had suffered a wallet exploit. On June 2, the exchange said the breach occurred during a wallet system upgrade when an attacker exploited an “old hot wallet” during internal fund reallocation. On May 9, BitoPro announced a maintenance period for the exchange, which was resolved on the same day. Deposits, withdrawals, and all trading functions remained operational while a third-party blockchain security firm was commissioned to trace the stolen funds. However, many users have since reported being unable to withdraw USDt (USDT). “We hereby declare that the platform has sufficient virtual asset reserves and user rights are not affected at all. Since the incident, user top-up, withdrawal and transaction functions have remained normal.”…

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Filed under: News - @ June 2, 2025 2:22 pm