BitoPro, a Taiwanese cryptocurrency exchange launched in 2018, is likely to have lost millions of dollars to a hack in early May, but hasn’t shared any official statements yet.

According to the on-chain investigator ZackXBT, BitPro was likely hacked for $11.5 million on May 8.

Do you want to explain to the community why multiple of your hot wallets saw suspicious outflows of ~$11.5M on May 8, 2025 where you still have not disclosed the security incident on X or Telegram several weeks later? pic.twitter.com/HlD0c93Or4

— ZachXBT (@zachxbt) June 2, 2025

The investigation shows that suspicious outflows have been recorded from the Taiwanese exchange’s TRON TRX $0.27 24h volatility: 0.8% Market cap: $25.65 B Vol. 24h: $372.45 M , Ethereum ETH $2 496 24h volatility: 0.4% Market cap: $301.36 B Vol. 24h: $11.92 B , Solana SOL $155.0 24h volatility: 1.1% Market cap: $80.96 B Vol. 24h: $2.92 B and Polygon MATIC $0.22 24h volatility: 0.9% Market cap: $325.02 M Vol. 24h: $1.28 M hot wallets.

Subsequently, the funds were transferred to Tornado Cash, a popular crypto mixer, or bridged to Bitcoin BTC $105 389 24h volatility: 1.0% Market cap: $2.09 T Vol. 24h: $20.21 B using THORChain, a decentralized cryptocurrency exchange known for its cross-chain capabilities.

The BTC coins were then moved into Wasabi, an open-source, privacy-focused Bitcoin wallet.

Notably, BitoPro is one of the leading exchanges in Taiwan with a daily trading volume of roughly $25 million.

BitoPro hasn’t officially announced the incident yet. The exchange has been consistently citing “maintenance” issues since May 9 in its official Telegram group chat.

Some of the BitoPro users have been complaining of having trouble with their deposits and withdrawals since the announcement of maintenance breaks.

User claiming account details were altered. Source: BitoPro official group chat

Following ZackXBT’s report, BitoPro’s community has been accusing the exchange of misleading the users with false “maintenance” breaks for almost a month.

Some suspect an insider behind missing funds. Source: BitoPro official group chat

Crypto hacks have been acting as a trust barrier for mainstream users. And it’s not just the smaller exchanges that have been losing funds to fraudulent actors.

In February, Bybit, a leading cryptocurrency exchange, witnessed a $1.5 billion hack. The company transparently pushed the recovery process and has reportedly returned its liquidity to the pre-hack levels.

The post BitoPro Hid an $11.5M Hack for 25 Days, Citing Maintenance Issues appeared first on Coinspeaker.

BitoPro, a Taiwanese cryptocurrency exchange launched in 2018, is likely to have lost millions of dollars to a hack in early May, but hasn’t shared any official statements yet.

According to the on-chain investigator ZackXBT, BitPro was likely hacked for $11.5 million on May 8.

Do you want to explain to the community why multiple of your hot wallets saw suspicious outflows of ~$11.5M on May 8, 2025 where you still have not disclosed the security incident on X or Telegram several weeks later? pic.twitter.com/HlD0c93Or4

— ZachXBT (@zachxbt) June 2, 2025

The investigation shows that suspicious outflows have been recorded from the Taiwanese exchange’s TRON TRX $0.27 24h volatility: 0.8% Market cap: $25.65 B Vol. 24h: $372.45 M , Ethereum ETH $2 496 24h volatility: 0.4% Market cap: $301.36 B Vol. 24h: $11.92 B , Solana SOL $155.0 24h volatility: 1.1% Market cap: $80.96 B Vol. 24h: $2.92 B and Polygon MATIC $0.22 24h volatility: 0.9% Market cap: $325.02 M Vol. 24h: $1.28 M hot wallets.

Subsequently, the funds were transferred to Tornado Cash, a popular crypto mixer, or bridged to Bitcoin BTC $105 389 24h volatility: 1.0% Market cap: $2.09 T Vol. 24h: $20.21 B using THORChain, a decentralized cryptocurrency exchange known for its cross-chain capabilities.

The BTC coins were then moved into Wasabi, an open-source, privacy-focused Bitcoin wallet.

Notably, BitoPro is one of the leading exchanges in Taiwan with a daily trading volume of roughly $25 million.

BitoPro hasn’t officially announced the incident yet. The exchange has been consistently citing “maintenance” issues since May 9 in its official Telegram group chat.

Some of the BitoPro users have been complaining of having trouble with their deposits and withdrawals since the announcement of maintenance breaks.

User claiming account details were altered. Source: BitoPro official group chat

Following ZackXBT’s report, BitoPro’s community has been accusing the exchange of misleading the users with false “maintenance” breaks for almost a month.

Some suspect an insider behind missing funds. Source: BitoPro official group chat

Crypto hacks have been acting as a trust barrier for mainstream users. And it’s not just the smaller exchanges that have been losing funds to fraudulent actors.

In February, Bybit, a leading cryptocurrency exchange, witnessed a $1.5 billion hack. The company transparently pushed the recovery process and has reportedly returned its liquidity to the pre-hack levels.

The post BitoPro Hid an $11.5M Hack for 25 Days, Citing Maintenance Issues appeared first on Coinspeaker.