BitoPro, a Taiwanese crypto exchange, confirmed on Monday that it was “attacked by hackers” during a recent system upgrade after a crypto sleuth brought attention to $11.5 million worth of suspicious withdrawals from the platform.
An old hot wallet—a crypto wallet that is connected to the internet, as opposed to a cold wallet, which is not—had been targeted by hackers during a “recent wallet system upgrade and asset transfer operation,” BitoPro announced via Telegram on Monday.
