BtcTurk discloses a cyber attack with unauthorized access to hot wallets, affecting crypto balances in 10 currencies.
Just hours before, on June 22, a well-known cryptocurrency exchange called BtcTurk reported a cyberattack that let hackers get into some of its hot wallets without permission.
The first story says that the hackers were able to get their hands on crypto balances for 10 different cryptocurrencies that were stored in the “hot wallets.”
The hackers were able to get into the hot wallets, but BtcTurk said that most of their crypto assets were still in the cold wallets, which are completely safe.
BtcTurk has also reassured users that its financial strength is greater than the amounts that were affected.
In this way, the exchange has made sure that the user assets are safe from being lost. BtcTurk has also started a full review into what happened and is working with the right authorities.
As an extra safety step, BtcTurk has also stopped crypto deposits and withdrawals for now. The exchange said that its team is working hard to fix the problem so that all of its users can get back to using the site normally.
Inflation going up and the Lira going down are the main reasons why more and more people in Turkey are using cryptocurrencies these days.
But recently, things got more interesting when the Turkish government decided to change the way taxes work in the country.
The Turkish government is trying to restore the country’s finances, which were severely damaged by earthquakes last year.
Because of these steps to increase their income, Turkish people are looking into cryptocurrencies as tax-free ways to spend.
But because more and more people in Turkey are using cryptocurrencies, the government wants to put a 0.03% tax on crypto purchases. It is possible that this measure will bring in about 3.7 billion Liras a year for the government.
Retail banks in Turkey are also ready to help with transactions involving digital assets because the demand for them is growing.
A company called Garanti BBVA Digital Assets, which is part of Garanti BBVA Financial Technologies, added crypto wallet services to its mobile platform last week.
This means that customers of the bank can now use the Garanti BBVA Crypto app to buy Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). At first, only a few people will be able to use the service because it is still in test.
