The post BitoPro Hid $11.5M Hack for 25 Days, Blamed Maintenance appeared on BitcoinEthereumNews.com.

Key Notes BitoPro is likely the latest victim of a crypto hack. The exchange didn’t reveal the suspicious movements to its community. Some members are still complaining of “stuck funds”. BitoPro, a Taiwanese cryptocurrency exchange launched in 2018, is likely to have lost millions of dollars to a hack in early May, but hasn’t shared any official statements yet. According to the on-chain investigator ZackXBT, BitPro was likely hacked for $11.5 million on May 8. Do you want to explain to the community why multiple of your hot wallets saw suspicious outflows of ~$11.5M on May 8, 2025 where you still have not disclosed the security incident on X or Telegram several weeks later? pic.twitter.com/HlD0c93Or4 — ZachXBT (@zachxbt) June 2, 2025 The investigation shows that suspicious outflows have been recorded from the Taiwanese exchange’s TRON TRX $0.27 24h volatility: 0.8% Market cap: $25.65 B Vol. 24h: $372.45 M , Ethereum ETH $2 496 24h volatility: 0.4% Market cap: $301.36 B Vol. 24h: $11.92 B , Solana SOL $155.0 24h volatility: 1.1% Market cap: $80.96 B Vol. 24h: $2.92 B and Polygon MATIC $0.22 24h volatility: 0.9% Market cap: $325.02 M Vol. 24h: $1.28 M hot wallets. Subsequently, the funds were transferred to Tornado Cash, a popular crypto mixer, or bridged to Bitcoin BTC $105 389 24h volatility: 1.0% Market cap: $2.09 T Vol. 24h: $20.21 B using THORChain, a decentralized cryptocurrency exchange known for its cross-chain capabilities. The BTC coins were then moved into Wasabi, an open-source, privacy-focused Bitcoin wallet. Notably, BitoPro is one of the leading exchanges in Taiwan with a daily trading volume of roughly $25 million. BitoPro hasn’t officially announced the incident yet. The exchange has been consistently citing “maintenance” issues since May 9 in its official Telegram group chat. Some of the BitoPro users have been…

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Filed under: News - @ June 2, 2025 9:21 am