BtcTurk Kripto: what the sources say

Regulation, reserves, fees

Reserves note: Search did not return an official PoR page.

Incidents and regulator actions found

Security incidents

• 2024-06-22 Unauthorized withdrawals from hot wallets, reported losses of about $55 million; Binance said it froze over $5.3 million. Outcome: BtcTurk stated deposits were unaffected; no reimbursement programme described in sources. source
• 2025-08-14 Unusual activity detected in hot wallets; deposits and withdrawals halted; estimates $23M (Lookonchain), $48M (Cyvers), $50M+ (CertiK). Outcome: BtcTurk said most assets are in cold wallets and user assets were unaffected; authorities informed. source

Regulator and court actions

• 2025-07-23 SPK (Capital Markets Board, Turkey): BtcTurk entity appears on SPK list of operating crypto platforms under the temporary provision of the Capital Markets Law; the article notes listing does not equal authorization. Outcome: No fine or sanction found. PRESS OR OTHER SOURCE · official text not found source

What we could not verify

Website, fees, PoR, Italy/OAM, current SPK authorization unverified. Jan 2026 incident only in a secondary blog and not included in incidents.

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

1. [1] ESMA interim MiCA CASP register CSV accessed 2026-10-09
2. [2] Cointelegraph: BtcTurk withdrawal halt accessed 2026-10-09
3. [3] Webrazzi: SPK operating list accessed 2026-10-09
4. [4] BlockEden (secondary) accessed 2026-10-09