BitoPro, Taiwan's second-largest cryptocurrency platform, suffered a significant cyberattack on May 8, leading to a loss of NT$345 million (US$11.5 million). The Financial Supervisory Commission acknowledged the breach and mandated BitoPro to provide a detailed public statement on the incident. Blockchain analyst ZachXBT reported that the hackers leveraged multiple public blockchains including Tron, Ethereum, and Solana, using sophisticated techniques such as mixers to obscure fund movements. Despite the attack, Bito Group has reassured users that their assets remain secure and unaffected by the incident.
ZachXBT's analysis showed that BitoPro's assets were compromised through advanced techniques like blockchain mixers and cross-chain transfers, allowing hackers to obscure the money trail.
The Financial Supervisory Commission confirmed BitoPro's cyberattack, mandating the platform to release an official statement regarding their security breach to inform users.
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