BitoPro, a cryptocurrency exchange in Taiwan, reportedly lost 11.5 million USD due to a security breach on May 8, 2025. The funds were moved through decentralized platforms for anonymization, raising alarms about security and transparency in the industry.
The incident has spurred calls for greater transparency and better security measures within the cryptocurrency sector. As the community awaits more information, the exchange has suspended services, claiming system maintenance, while users demand clarity and accountability.
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