Taiwan-based cryptocurrency exchange BitoPro appeared to have been exploited for about $11.5 million on May 8, according to on-chain sleuth ZachXBT.
ZachXBT said in his Telegram channel that there were suspicious outflows from the exchange’s hot wallets on multiple networks, including Tron, Ethereum, Solana and Polygon.
“The stolen funds were then deposited to Tornado or bridged to Bitcoin via Thorchain and deposited to Wasabi,” ZachXBT wrote.
Although 25 days have passed since the incident, BitoPro has yet to issue an official statement through its communication channels.
When exchange users shared ZachXBT’s claim on the official Telegram channel of BitoPro, an administrator of the channel wrote at 2:51 p.m. local time — “Just received numerous inquiries, and we will respond uniformly to all of you later.”
The extent to which user assets on the exchange were affected remains unclear, and the attackers have not yet been identified.
Meanwhile, the $1.4 billion hack of the Bybit exchange earlier this year also involved stolen funds being channeled through mixers, including Wasabi, Tornado, and Thorchain, then swapped via cross-chain bridges and peer-to-peer exchanges.
According to Bybit CEO’s most recent update on hacked funds, over 27% of the stolen funds, or approximately $380 million worth of crypto, have gone off the grid. The hackers behind the Bybit exploit were identified as those of the Lazarus Group, which is backed by North Korea.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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