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BitoPro Exchange Faces $11.5M Security Breach

Solomon M. by Solomon M.
June 2, 2025
in Latest News
Key Points:
  • BitoPro’s hot wallets were exploited resulting in $11.5 million loss.
  • ZachXBT reported the incident through on-chain analysis.
  • BitoPro’s official response lacked transparency, causing community concerns.
bitopro-exchange-faces-11-5m-security-breach
BitoPro Exchange Faces $11.5M Security Breach

The security breach highlights vulnerabilities in cryptocurrency exchanges’ hot wallet systems, raising concerns over asset protection and management transparency. This incident underscores the need for stronger industry measures to prevent similar attacks.

Incident Overview

An incident involving BitoPro saw unauthorized fund transfers from its hot wallets amounting to $11.5 million. The breach was identified on May 8, 2025, by ZachXBT, known for scrutinizing blockchain transactions.

“Taiwanese crypto exchange BitoPro is suspected of being attacked by about $11.5 million on May 8, 2025… Assets were transferred from hot wallets such as Tron, Ethereum, Solana, Polygon, etc., sold on the DEX, with funds routed through Tornado Cash, Thorchain, and Wasabi wallet.”

BitoPro’s lack of clear communication has escalated community concerns. The exchange has not released any significant statements or clarified the breach details, opting instead to cite “system maintenance” to suspend some services.

Technical Details of the Exploit

The exploit led to the loss of Ethereum (ETH), Tron (TRX), Solana (SOL), and Polygon (MATIC). The stolen assets were quickly traded on decentralized platforms to obscure their trail, affecting market trust.

The financial loss highlights recurring issues in securing cryptocurrency exchanges. The technique of routing through Tornado Cash and other privacy tools indicates an advanced laundering strategy, stressing the need for enhanced security protocols.

Market and Regulatory Impact

The market reaction was muted due to the lack of direct communication from BitoPro’s leadership. This contrasts with other major incidents where decisive disclosures are typically made.

Incidents like this could result in stricter regulatory measures and innovative technology advancements to bolster user confidence. Industry comparisons with earlier breaches underscore the unique challenges for regional platforms like BitoPro, which vary in resource capabilities.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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BitoPro Faces $11.5M Exploit with No Official Response

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