Bitopro exchange hit by $11.5M outflows in potential exploit
Summary
BitoPro, a Taiwan-based cryptocurrency exchange, experienced a security breach on May 8, resulting in over $11.5 million being drained from its hot wallets across Ethereum, Tron, Solana, and Polygon. The assets were moved to decentralized exchanges and marked as sold. Blockchain data indicates the use of Tornado Cash and THORChain to anonymize the funds. Despite the incident, BitoPro has not publicly acknowledged the breach. On May 9, BitoPro announced maintenance, but users reported issues withdrawing USDT. Hackers continue targeting exchanges and DeFi protocols, as seen in the recent $220 million exploit of decentralized exchange Cetus.
