BitoPro Cryptocurrency Exchange Faces Major Security Breach

TLDR

• Over $11.5 million moved from BitoPro’s hot wallets.
• Breach likely occurred on May 8, 2025, targeting hot wallets.
• Users await official response amid growing security concerns.

Investigative research has unveiled a potential digital security breach affecting BitoPro, a Taiwanese cryptocurrency exchange. On June 2, 2025, more than $11.5 million was detected moving out from BitoPro’s hot wallets. The movement, observed by on-chain investigator ZachXBT, suggests a deliberate exposure to multiple blockchain networks.

The suspicious outflows were traced across well-known blockchain networks: Ethereum, Tron, Solana, and Polygon. This intricate operation highlights vulnerabilities in managing blockchain integrations. Users of BitoPro have been left in suspense as the exchange has yet to release an official statement to address these concerns.

Details Surrounding the BitoPro Breach

According to blockchain security firm CertiK Skynet, the breach likely occurred on May 8, 2025. The attack specifically targeted BitoPro’s hot wallets, which are essential for the exchange’s daily operations. ZachXBT, known for uncovering scams in the crypto space, has urged BitoPro to provide clarity regarding the breach.

BitoPro users are growing anxious as the exchange has not provided explanations to its customers. The need for transparency continues to mount in light of significant unexplained fund movements. The incident mirrors previous occurrences in the crypto space where similar techniques have been employed.

Recent Hacks and Upgrades in Blockchain Systems

This case is not isolated but follows other security incidents within the blockchain sphere. One notable case involves the Sui network’s $223 million heist involving Cetus funds that required governance intervention for recovery. Just days earlier, another individual fell victim to a wallet-sweeping attack linked to Ethereum’s Pectra upgrade, losing nearly $150,000.

Wintermute, a significant player in the crypto markets, highlighted the risks arising from Ethereum’s Pectra upgrade. This update has been linked to an increase in security vulnerabilities and potential automated attacks. The consequences of such upgrades have become a focal point of concern within the crypto community.

Awaiting Official Responses and Impacts

The broader cryptocurrency community is now keenly awaiting official statements from BitoPro regarding these security issues. The lack of immediate response from the exchange leaves users questioning the security of their assets and future interactions on the platform.

For those following developments in blockchain technology and security, the unfolding situation with BitoPro provides another critical point of analysis. As with recent incidents, understanding the underlying systems and protocols remains essential for managing digital currencies securely.

• Ethereum (ETH) was one of the affected networks.
• Funds were also moved through Tron (TRX) and Solana (SOL).
• Polygon (MATIC) was part of the breach’s scope.