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Turkish Crypto Exchange BtcTurk Bleeds $48M in Brazen Hack—Security Questions Loom
Turkish Crypto Exchange BtcTurk Bleeds $48M in Brazen Hack—Security Questions Loom
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Another day, another crypto exchange gets raided—this time it’s Turkey’s BtcTurk coughing up $48M to digital bandits. Just when regulators thought they’d seen it all.
Anatolian Achilles’ Heel Exposed
The breach—executed with surgical precision—highlights the persistent weak spots in centralized exchanges. No amount of ‘bank-grade security’ theater seems to stop these attacks.
Deja Vu for Crypto Custodians
While BtcTurk scrambles to plug holes, traders are left wondering: when will exchanges learn that cold wallets beat hot wallet promises? The $48M question remains unanswered—much like those ‘stress-tested’ security audits.
Bonus jab: At least traditional banks lose money the old-fashioned way—through reckless loans, not rogue API keys.
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