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BitoPro Bleeds $11M in Suspected Hack—Another ’Secure’ Exchange Stumbles

BitoPro Bleeds $11M in Suspected Hack—Another ’Secure’ Exchange Stumbles

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-06-02 07:13:39
0

Taiwanese Crypto Exchange BitoPro Likely Hacked for $11M in May, ZachXBT Says

Taiwan’s BitoPro joins the crypto hall of shame after blockchain sleuth ZachXBT fingers it as the latest exchange to cough up millions to hackers. The alleged May breach—now surfacing—shows $11M vanishing faster than a trader’s profits during a leverage wipeout.

Another day, another ’foolproof’ security system bypassed. When will exchanges learn? Cold wallets exist for a reason.

Meanwhile, institutional investors keep pouring billions into ’regulated’ platforms—because nothing says ’safe’ like a 24/7 hacking buffet.

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