BtcTurk
| Primary URL | Location | Industry | btcturk[.]com |
Country
Turkey
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Financial Services
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Profile
BtcTurk operates as acryptocurrency exchange based in Turkey, offering a platform for users to trade a variety of digital assets. The service includes both hot wallets for active trading and cold wallets for offline storage of funds. Users can deposit, withdraw, and exchange cryptocurrencies through the exchange's interface. The exchange states that it adheres to regulatory compliance measures applicable in Turkey.
A distinguishing feature of BtcTurk is its operational separation of hot and cold wallets, which is intended to safeguard the majority of user holdings from online threats. In June 2024, the exchange experienced a cyberattack that targeted its hot wallets containing ten different cryptocurrencies, leading to a temporary suspension of deposits and withdrawals. During that incident, approximately $54.2 million worth of AVAX and over $46 million in Bitcoin were moved to external addresses, while Binance assisted by freezing about $5.3 million of the stolen assets. Earlier, in June 2018, BtcTurk disclosed a data breach that exposed personal information of more than 500,000 users, including full names, national identification numbers, email and physical addresses, birthdates, and phone numbers. The compromised dataset later appeared for sale on an online forum, although the exchange did not reveal the method of intrusion or the responsible parties.
The publicly available sources do not provide information about BtcTurk's ownership structure, parent company, or any subsidiaries. Consequently, details regarding its corporate governance or affiliations remain unspecified in the material considered. No further structural notes can be derived from the given context.