BtcTurk, a Turkish cryptocurrency exchange, has suspended withdrawals following reports of a possible hack involving $48 million worth of digital assets. A cybersecurity firm, Cyvers, detected unusual activity across various networks, including Ethereum, indicating that an attacker transferred significant amounts of cryptocurrency to two separate addresses. In response to the situation, BtcTurk halted deposits and withdrawals citing a technical issue with their hot wallets, although trading and local currency transactions continue without interruption. The exchange reassured users that they would provide further updates once the issue is resolved. This incident highlights concerns around security in the cryptocurrency space, as exchanges face increasing risks of cyberattacks.

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