Blockchain investigators have identified a potential security breach at BTC Turk, a Turkish cryptocurrency exchange, following the transfer of approximately $48 million worth of cryptocurrency from its wallets on August 14, 2025. The significant movement of funds has raised alarms about the exchange's security protocols, though BTC Turk has not yet confirmed or denied the breach. The incident has prompted further investigation by experts to ascertain the cause and potential impact on users. The transfer has heightened scrutiny on the exchange's security measures, as stakeholders await more information on the situation.