Bitopro exchange hit by $11.5M outflows in potential exploit

Taiwan-based cryptocurrency exchange BitoPro appears to have suffered a security incident after more than $11.5 million in crypto was drained from its hot wallets on May 8.

The suspicious transactions, which occurred across hot wallets on Ethereum, Tron, Solana and Polygon, saw asset outflows to decentralized exchanges (DEXs) where they were later marked as sold, according to onchain investigator ZachXBT.

The exchange has still “not disclosed the security incident on X or Telegram several weeks later,” ZachXBT said in an X post.

The exchange has…