The post BitoPro Suffers Suspected Hack, $11.5 Million in Losses – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Suspected hack on BitoPro exchange affecting multiple networks. Approximately $11.5 million laundered through privacy tools. Increased scrutiny on security and regulatory measures for exchanges. On-chain investigator ZachXBT reported that BitoPro, a cryptocurrency exchange, possibly suffered a hacker attack on May 8, 2025. The hack involved suspicious fund outflows from the exchange’s hot wallets, notably affecting Tron, Ethereum, Solana, and Polygon networks. The stolen funds were reportedly sold through decentralized exchanges (DEX) and moved using additional privacy tools such as Tornado Cash and Wasabi. In the wake of the attack, approximately $11.5 million was compromised, highlighting vulnerabilities in the exchange’s security infrastructure. The funds were laundered in a manner consistent with sophisticated cryptocurrency laundering techniques. Regulatory Scrutiny Intensifies as Crypto Exchange Hacks Rise Did you know? ZachXBT, who identified BitoPro’s suspected hack, previously investigated a significant Bitcoin theft of 4,064 Bitcoins valued at approximately $238 million, showcasing his expertise in tracing illicit crypto activities. TRON (TRX) currently trades at $0.27 with a market cap of $25.67 billion, holding a market dominance of 0.79%. Despite a 15.75% decline in 24-hour trading volume, the cryptocurrency experienced a 0.70% increase in the last 24 hours and a 16.60% rise over 90 days, according to CoinMarketCap. Insights from the Coincu Research Team Did you know? ZachXBT, who identified BitoPro’s suspected hack, previously investigated a significant Bitcoin theft of 4,064 Bitcoins valued at approximately $238 million, showcasing his expertise in tracing illicit crypto activities. Insights from the Coincu research team suggest that the BitoPro hack reflects increasing pressures on cryptocurrency exchanges to enhance security protocols. Regulatory scrutiny might intensify as cross-chain swaps and privacy tools are in frequent misuse by illicit actors. Strengthening these measures could mitigate such risks. TRON(TRX), daily chart, screenshot on CoinMarketCap at 06:23 UTC on June 2, 2025. Source: CoinMarketCap…

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Filed under: News - @ June 2, 2025 6:29 am