cyberattack

Turkey's crypto scene has been rocked again. The country’s largest exchange, BtcTurk, has confirmed a sophisticated hack that resulted in the loss of approximately $48 million from its hot wallets. The incident is especially alarming as it marks the third such breach in just two years.
🔹 The attack spanned multiple blockchains — according to blockchain security firm AnChain, the hackers moved funds via Ethereum, Arbitrum, and Polygon. The stolen assets were ultimately consolidated into a single address, where they were laundered through subsequent transactions.
🔹 BtcTurk claims the situation is under control, reassuring users that the majority of funds remain safe in cold wallets. Nonetheless, the exchange temporarily suspended withdrawals and launched an internal investigation alongside technical audits.

A Repeating Pattern: Not the First Breach
This incident follows a troubling series of similar attacks:
August 2025: BtcTurk confirmed a loss of $38 million and claimed that “all necessary security measures” had been implemented.June 2024: A sudden disappearance of $55 million was later attributed by auditing firm Halborn to a likely compromised private key.
During the August 2025 breach, the exchange stated: “Unusual movements were detected in our hot wallets during checks conducted on August 14. As a precaution, deposits and withdrawals were temporarily suspended.”

Despite such claims, history is repeating itself.

Warning: Phishing and Secondary Scams Loom
According to AnChain, such hacks often pave the way for secondary scams, where bad actors exploit user panic. Impersonating the exchange's support teams, scammers may send fake emails or SMS messages, tricking users into linking their wallets to phishing platforms disguised as refund verification services — draining even more funds.

Crypto in Turkey: Massive Volumes, Fragile Security
Despite repeated attacks, Turkey remains a crypto powerhouse:
🔹 As of October 2025, daily crypto trading volume hit $300 million, with 75% denominated in Turkish lira

🔹 Annual crypto transaction volume reached $200 billion, four times that of the UAE, the second-largest market in the region

🔹 Between 2021 and mid-2025, Turkey saw a cumulative $878 billion in gross crypto inflows
Meanwhile, Turkey’s national statistics office reported that inflation reached 30.89% in 2025, with food prices up 28.31% and transportation costs rising 28.44%, driven by soaring fuel and operational expenses.
In such an environment, it’s clear why citizens turn to crypto — but this also makes them highly vulnerable to fraud, manipulation, and cyberattacks.

#CryptoHack , #Cryptoscam , #cyberattack , #CryptoMarket , #DigitalAssets

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Trezor, a hardware #wallet provider, recently acknowledged that a security breach involving their third-party email service resulted in a series of fraudulent emails being sent to their customers over the last 12 hours.
On January 24, #Trezor issued a statement revealing that they had identified an unauthorized email, which falsely claimed to be from the company, disseminated by a third-party email service they use.
The deceptive email, sent from "noreply@trezor.io," falsely instructed users to update their "network" or face the risk of losing their funds.
The email contained a link leading to a website that asked users to input their seed phrase.
Trezor has reported no instances of users losing funds due to this phishing scam, and there are no indications that any Trezor users have been duped by this fraudulent scheme.

Trezor Says it Has Deactivated the Malicious Link
Trezor has informed its customers that they have effectively neutralized the harmful link and assured them that their funds are secure as long as they haven't entered their recovery seed.
"We rapidly disabled the malicious link in the email, significantly reducing the threat's potential impact!"
However, Trezor has advised customers who did input their recovery seed to move their funds to a new wallet immediately.
According to Trezor's ongoing inquiry, an unauthorized party accessed their email address database, primarily used for newsletters, and then sent the fraudulent emails using a third-party email service.
Recently, on January 23, MailerLite, an email marketing software company, reported a security breach. This incident led to a spate of phishing emails exploiting the branded domains of various companies, including Cointelegraph, WalletConnect, and Token Terminal.
It remains uncertain whether Trezor uses the same email domain provider as those affected.
Digital asset attorney Joe Carlasare recounted his experience of receiving the phishing email in a post, labeling it as a “sophisticated scam.”
Exploring the Link Between Support Portal Breach and Recent Hack
There is speculation that the recent #cyberattack might be connected to a prior security breach involving Trezor's support portal, where the personal information of approximately 66,000 users was exposed on January 17.
Despite this breach, the company has stressed that no recovery seed phrases were compromised as a result of the incident. At that time, Trezor, the hardware wallet provider, took immediate action to limit unauthorized access and has been actively reaching out to affected users.
It's important to highlight that this is not the first instance where Trezor has encountered attempts to compromise user assets. Despite its reputable standing in the cryptocurrency hardware wallet industry, Trezor has faced various security challenges in recent years.
In February of the previous year, Trezor issued a warning to users about a phishing attack designed to deceive investors into disclosing their recovery phrase on a counterfeit Trezor website.
Additionally, in May, the cybersecurity firm Kaspersky reported the emergence of a counterfeit hardware wallet posing as a genuine Trezor product. This deceptive device used a substituted microcontroller to gain access to a user's private keys, enabling fraudsters to steal funds.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Indian conglomerate Tata Group is facing one of its toughest years in recent memory. The combined market capitalization of its 16 publicly traded firms has plunged by more than $75 billion, with over $20 billion lost since September 19 alone. The sharp downturn is being driven by new U.S. visa restrictions and a crippling cyberattack on Jaguar Land Rover.

Visa Shock from the U.S.
The hardest hit has been Tata Consultancy Services (TCS) — the crown jewel of the group and a symbol of India’s tech power. TCS shares dropped more than 8% last week, marking their worst performance since 2020. Other Indian IT giants like Infosys and Wipro also suffered.
The trigger was President Donald Trump’s move to raise the H-1B visa fee to $100,000, dramatically increasing costs for Indian IT firms operating in the U.S. Analysts at Bloomberg Intelligence warned that companies such as TCS may stop pursuing contracts requiring extensive on-site presence in America — a shift that could weigh heavily on growth over the coming quarters.

Cyberattack Cripples Jaguar Land Rover
Another blow came from a cyberattack that paralyzed Jaguar Land Rover (JLR) production plants. The automaker confirmed that vehicle output will remain suspended until at least October 1, losing around $70 million per week. According to the Financial Times, JLR had no cyberattack insurance coverage, meaning the company must absorb the full cost of the disruption.
The UK government stepped in, pledging a loan guarantee of up to £1.5 billion ($2 billion) to help JLR stabilize its supply chain. Still, analysts warn that if production remains halted until November, revenue losses could exceed $4.7 billion.

Wider Impact Across the Group
Shares of 12 out of Tata Group’s 16 companies are down this year. Tejas Networks has lost half its market value, while Trent and Nelco have each dropped by nearly one-third.
Geopolitics adds further strain. U.S.-India relations have soured after Washington imposed new tariffs on Indian goods, while New Delhi has continued purchasing Russian oil — fueling additional trade tensions.

#stockmarket , #cyberattack , #TRUMP , #Tariffs , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A fresh WhatsApp scam campaign is exploding across multiple regions, and it’s built for one purpose: draining your accounts before you even realize what’s happening.
Attackers are disguising malicious links as parcel updates, bank alerts, government schemes, and even messages that look like they came from your own friends. One tap and the malware takes over.
Here’s how it works:
• The moment you click, the worm hijacks your WhatsApp, scrapes your contacts, and starts messaging people you trust.
• It spreads quietly, targeting close connections for maximum impact.
• Meanwhile, a hidden trojan installs in the background — built to steal crypto wallets, exchange logins, banking app data, and stored passwords.
• The malware doesn’t rely on a fixed server. It pulls instructions from hidden email accounts and backup servers, meaning it can adapt, update, and stay alive even when networks try shutting it down.
This isn’t a small-time scam — it’s engineered, persistent, and fast. With global crypto adoption rising, attackers are aiming for countries with growing digital finance ecosystems… yours could be next.
Don’t wait for the damage to teach you the lesson.
Stay alert. Stay skeptical. Stay safe.
#HackAlert #ScamWarning #WhatsAppSecurity #cyberattack