July 2, 2024
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Crypto

Avalanche's AVAX drops 10% after BtcTurk exchange hack

Share this article Avalanche's AVAX token saw a sharp 10% drop to $24.92 following a security breach that targeted BtcTurk, Turkey's largest crypto exchange on Saturday, according to data from CoinGecko and analysis by on-chain detective ZachXBT . “The culprit has been moving 1.96 million AVAX ($54.2 million) and transferring it to Coinbase/THORChain,” ZachXBT noted

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