Alleged Hack on Popular Turkish Crypto Exchange: Millions in Bitcoin (BTC) Claimed Lost by ZachXBT

  • Allegations have surfaced that Rain, a cryptocurrency exchange operating in Turkey, may have fallen victim to a hacking attack.
  • Crypto detective ZachXBT claims that assets worth $14.8 million could have been stolen from the exchange on April 29, 2024.
  • The stolen assets, according to ZachXBT, were moved to other exchanges and converted into Bitcoin (BTC) and Ethereum (ETH).

Amidst the rise of cryptocurrency, a potential hacking incident involving a Turkish crypto exchange, Rain, has raised concerns. The alleged theft of $14.8 million worth of assets underscores the need for robust security measures in the crypto sphere.

Alleged Hacking Incident at Rain Crypto Exchange

According to crypto detective ZachXBT, Rain, a cryptocurrency exchange operating in Turkey, may have been targeted by hackers. He alleges that assets worth $14.8 million could have been stolen from the exchange on April 29, 2024. ZachXBT based his claim on suspicious external transfers made from the exchange’s Bitcoin, Ethereum, Solana, and XRP wallets.

Stolen Assets Converted into Bitcoin and Ethereum

ZachXBT further claims that the stolen assets were moved to other exchanges and converted into Bitcoin and Ethereum. He believes that the stolen assets are currently held in two addresses, with 137.9 BTC and 1881 ETH respectively. The addresses provided by ZachXBT for the stolen assets are bc1q53aawrkpt5lvk2e30z36unvmhqqdru7q4rprp2 for BTC and 0x197bc094f990261fd6841342901c451858756c28 for ETH.

Rain’s Operations in the Middle East

Rain operates primarily in the Middle East region, which some consider to include Turkey. The countries where the company operates include Bahrain, the United Arab Emirates, Turkey, and Pakistan.

Waiting for Official Confirmation

As of now, the alleged hacking attack has not been confirmed, and there has been no official statement from Rain. If an update from Rain officials regarding the alleged hacking attack is received, it will be added to the news.

Conclusion

The alleged hacking incident at Rain underscores the importance of robust security measures in the cryptocurrency sphere. As the investigation continues, it serves as a reminder to all crypto users to exercise caution and prioritize security when dealing with digital assets.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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