🔒 BitoPro Hit by $11.5M Hack—Users Left in the Dark for Weeks
Taiwan-based crypto exchange BitoPro has come under fire after it was revealed the platform suffered a major security breach in early May—losing $11.5 million in crypto—but failed to disclose the incident for nearly three weeks.
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🕵️♂️ Funds Drained Across Four Major Blockchains
The hack occurred on May 8, targeting BitoPro’s hot wallets on Ethereum, Solana, Tron, and Polygon. According to blockchain investigator ZachXBT, who brought the incident to light on June 2, the attackers moved the stolen funds through decentralized exchanges, mixers like Tornado Cash, and even bridged assets to Bitcoin—tactics commonly used to obscure transaction trails.
🧠 Third-Party Investigation Underway
A cybersecurity firm has since been hired to assist in tracking the stolen crypto. BitoPro also pledged to publish new wallet details to ensure transparency and prevent further concerns from its user base.
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🌐 Part of a Larger Trend in Web3 Security Failures
This breach is just one in a growing string of Web3 security failures. In late May, decentralized exchange Cetus was drained of $220 million, and just days later, Nervos Network lost $3 million—with stolen funds in both incidents also routed through Tornado Cash.
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🧩 Experts Warn: Access Control Remains a Major Threat
Security analysts warn that access control failures, especially involving hot wallets and legacy systems, continue to be among the most serious risks in the crypto ecosystem. With no slowdown in high-profile attacks, the BitoPro breach serves as yet another wake-up call for exchanges
and users alike.
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