Crypto Exchange Hacked for $11.5M: BitoPro’s Hot Wallet Crisis

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  • Looks like BitoPro had a bad day—$11.5M vanished into thin air! 🕵️‍♀️💸
  • Hackers took full advantage: Tornado Cash, Thorchain, and Wasabi Wallet made it rain. 🤑
  • But don’t worry, BitoPro’s got a “new wallet” and “better security”… sounds like a good PR move! 🤔🔐

BitoPro, Taiwan’s darling crypto exchange, got a nasty surprise on May 8, 2025. A cool $11.5 million just evaporated from their platform like it was a magic trick. Ethereum, Tron, Solana, and Polygon networks? Yep, those were the lucky winners of this heist. And what did BitoPro initially say? Oh, just a little “maintenance,” of course. But, come on, crypto insiders aren’t that gullible—big withdrawals? Yeah, they noticed. 😬

BitoPro Admits Hot Wallet Was Breached… During “Planned Upgrade” (Oops)

So, here’s the kicker: the funds started dancing their way to decentralized exchanges, selling off like it was a crypto yard sale. Then came the privacy tools—Tornado Cash, Thorchain, Wasabi Wallet… just your regular “please don’t find me” mix. Classic hacker move, right? These guys knew exactly what they were doing. 🎩✨

BitoPro finally fessed up: yup, their “hot wallet” got hacked during a “scheduled” upgrade. How convenient! Apparently, the hacker slipped in while they were busy transferring funds. The good news? BitoPro acted fast, locked down the rest of the funds, and called in the cybersecurity cavalry to help sort through the mess. Crisis averted (kind of). 👨‍💻🛡️

Now, don’t panic. BitoPro swears that most of its users’ funds were stashed in offline, “secure” wallets. Yep, those weren’t touched by the hack. So, users could still deposit, withdraw, and trade like nothing happened. Well, except for that tiny $11.5M thing, of course. 😅 Your info? Safe. Your coins? Maybe not so much.

BitoPro’s Big Plan: New Wallet, More Transparency (We’re Watching You)

What’s next? A shiny new hot wallet. That’s right—BitoPro promises more transparency, real-time monitoring, and “better” security. Who’s not excited about that? They’re basically setting up a crypto reality show, where users and auditors can watch every transaction unfold. Stay tuned for the drama. 🎬🔍

But hey, let’s be real. 2025 has been one long cyberattack party for exchanges. Online wallets are still getting hacked, even though cold wallets are playing it cool in the background. The moral of the story? Even the big guys can get hacked, so stay alert! 👀⚡

In the end, BitoPro might’ve had a rough patch, but they did what any good company would do: fix it fast, and say all the right things to win back trust. Let’s see if that actually works! 🤷‍♀️

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2025-06-02 22:07