Altcoin News Official TheBitTimes.com

Just over a year after suffering a $55 million hack, Turkish crypto exchange BtcTurk has been attacked again, this time losing tokens worth $49 million. BtcTurk has acknowledged the suspicious withdrawals via an announcement on X, assuring users that their funds will not be affected. Blockchain security firm Cyvers flagged losses across seven blockchain networks, including Ethereum, Avalanche, and various ETH L2s. ALERT$48M worth of digital assets have been detected in unusual activity across multiple chains involving Turkish exchange @btcturk About 30 minutes ago, our system detected multiple alerts across $ETH, $AVAX, $ARB, $BASE, $OP, $MANTLE, and $MATIC networks. Most funds were… pic.twitter.com/ss4a7O2hUd — Cyvers Alerts (@CyversAlerts) August 14, 2025 Read more: Crypto exchange WOO X suspends withdrawals, users hacked for $14M The stolen funds are currently spread across three addresses, identified by fellow security firm SlowMist; 0xa041 holds appro...

The Blast team responded to claims that its multisignature upgrade functionality makes it too centralized. Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security risks due to centralization. The Blast team responded to the criticism from its own X (formerly Twitter) account, but without directly referring to Watts’ thread. In its own thread, Blast claimed that the network is as de centralized as other layer 2s, including Optimism, Arbitrum and Polygon. On multisig security. Read this thread to understand the security model of Blast along with other L2s like Arbitrum, Optimism, and Polygon. — Blast (@Blast_L2) November 24, 2023 Blast network claims to be “the only Ethereum L2 with native yield for E...