Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Exchange Balances Drop to Six-Year Low

    Bitcoin Exchange Balances Drop to Six-Year Low

    Vivek Ramaswamy Proposes Bitcoin Education in Ohio Schools

    Ohio Candidate Ramaswamy Proposes Bitcoin Education Reform

    Ohio Candidate Plans Bitcoin Education in Schools

    Michael Saylor Signals Major Bitcoin Acquisition

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Polygon Leads in USDC Active User Growth

    Polygon Takes Lead in USDC User Growth

    Sei Network Transactions Triple in Recent Quarter Surge

    Sei Network Sees Surge in Transactions and TVL

    Sei Transactions Tripled, Network Growth Accelerates

    Judge Upholds Ripple Institutional Sales Injunction

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

BitoPro Faces $11.5M Exploit with No Official Response

Solomon M. by Solomon M.
June 2, 2025
in Latest News
Key Points:
  • ZachXBT uncovers $11.5M outflows, no BitoPro statement.
  • Security concerns increase for users.
  • Potential regulatory scrutiny on hot wallets.
bitopro-faces-11-5m-exploit-with-no-official-response
BitoPro Faces $11.5M Exploit with No Official Response

ZachXBT revealed a $11.5 million exploit from BitoPro’s hot wallets on May 8, 2025.

The event highlights security vulnerabilities and potential regulatory scrutiny on crypto exchanges.

BitoPro Exploit Overview

BitoPro’s hot wallets were targeted on May 8, resulting in a $11.5 million exploit. ZachXBT, a noted blockchain investigator, flagged these suspicious outflows, revealing significant security lapses.

ZachXBT, On-chain Investigator, said, “Assets from Tron, Ethereum, Solana, Polygon, etc., were transferred from hot wallets and sold on the DEX, before the proceeds were moved using Tornado Cash, Thorchain, and Wasabi wallet.” Source

The crypto exchange has not issued any official statement. ZachXBT’s investigations have highlighted security concerns and potential laundering routes for the stolen assets.

Market Reaction and User Concerns

The incident has already begun affecting crypto markets, casting doubt on current security frameworks of exchanges. Users have expressed concerns regarding the safety of their assets due to the lack of official communication.

There are potential financial implications for both customers and the exchange, as the outflow could signal a shift in trust. Regulatory bodies may target hot wallet management with increased scrutiny.

Regulatory Implications and Future Outlook

The lack of clarity may affect investor confidence in BitoPro and similar platforms. Industry watchdogs could push for tighter security measures as user trust wavers.

Past incidents suggest potential regulatory and technological changes may emerge. Tightened controls on exchanges could reduce similar events, particularly with focus on wallet security measures and their compliance with existing laws.

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.

Previous Post

BitoPro Faces $11.5M Exploit as Investigator Reveals Breach

Next Post

BitoPro Exchange Faces $11.5M Security Breach

Solomon M.

Solomon M.

Related Posts

IRS Sends 758% More Crypto Warning Letters

by Solomon M.
June 29, 2025

IRS issues 758% more crypto letters, impacting thousands of U.S. investors. Details inside.

Polygon Leads Surge in USDC User Growth

by Solomon M.
June 29, 2025

Polygon emerges as leader in USDC user growth, impacting market position.

Senate Approves Key Vote on Trump’s Legislative Bill

by Joshua T.
June 29, 2025

The U.S. Senate has passed a crucial procedural vote on President Trump's major legislative bill, impacting cryptocurrency markets and stablecoin...

Senate Passes Trump’s Key Bill Amid Close Vote

by Solomon M.
June 29, 2025

Senate advances Trump's crucial bill; focus on tax, defense, immigration impacts.

Senate Approves Key Vote on Trump’s Stablecoin Bill

by Solomon M.
June 29, 2025

Senate advances Trump's cryptocurrency regulatory bill with a narrow 51-49 vote, impacting stablecoins.

Strategy Sees $14 Million Insider Stock Sales Surge

by Solomon M.
June 29, 2025

Strategy faces market scrutiny after $14M in insider stock sales with no insider buys in 2025.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.