BtcTurk lost $54-55M on June 22, 2024 when attackers compromised private keys to 10 hot wallets targeting Avalanche holdings. Binance froze $5.3M of recovered funds.

The Turkish cryptocurrency exchange BtcTurk has acknowledged that they suffered a hack. The exchange halted deposits and withdrawals while investigating, and said they are working with law enforcement. Furthermore, the exploiter sold substantial amounts of some cryptocurrencies, including Luna Classic, causing major price movements in those tokens.