Crypto exchange BitoPro is under scrutiny after blockchain investigator ZachXBT alleged an $11.5 million hot wallet breach on May 8, 2025. Despite weeks passing, the Taiwan-based exchange has remained silent, failing to publicly acknowledge the incident or provide explanations to its users, raising significant concerns within the crypto community.
ZachXBT Alleges Major Breach
Blockchain investigator ZachXBT has publicly challenged BitoPro to address suspicious outflows totaling approximately $11.5 million from its hot wallets on May 8, 2025. This accusation came to light when BitoPro posted about a "June Trading Challenge," prompting ZachXBT to directly question the exchange's silence regarding the alleged security incident.
On-Chain Data Reveals Fund Movements
According to ZachXBT's findings, the stolen funds were drained from BitoPro's hot wallets across multiple blockchains, including Ethereum, Tron, Solana, and Polygon. The assets were subsequently sold via decentralized exchanges and laundered through various services such as Tornado Cash, Thorchain, and Wasabi Wallet. This pattern is consistent with post-hack laundering techniques aimed at obscuring the trail of stolen funds.
BitoPro's Continued Silence
Despite the gravity of the allegations, BitoPro has maintained a complete lack of communication regarding the alleged breach. The exchange has not confirmed or denied the incident, nor has it issued any warnings or explanations to its users. On the day of the alleged hack, users were only informed of platform "maintenance." Since then, BitoPro has continued to post regular marketing content and promotional events, seemingly ignoring the serious claims.
Implications of Non-Disclosure
If ZachXBT's claims are accurate, this incident could be one of the largest crypto exchange hacks of the year. However, the primary concern extends beyond the stolen amount to BitoPro's absolute silence. Trust is paramount in the crypto industry, and the exchange's failure to communicate openly about a potential security breach erodes user confidence. The lack of official updates on its social media channels, including X and Telegram, has only exacerbated the situation, leaving users in the dark.
User Caution Advised
Given the ongoing silence from BitoPro, users are advised to exercise caution. Until the exchange provides a clear explanation of what transpired, users might consider withdrawing their funds or limiting the amount held on the platform. ZachXBT, known for his reliable investigations, has already provided details of the involved wallet addresses and the laundering methods used, further underscoring the seriousness of the situation. The crypto community awaits an official response from BitoPro regarding these concerning allegations.
Sources
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ZachXBT Calls on BitoPro to Explain $11.5M Hot Wallet Breach, The Crypto Times.
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