Although the joke about "Hackers Celebrating the Lunar New Year" sounds somewhat darkly humorous, it actually reflects the ongoing security vulnerabilities within the Web3 ecosystem. A recent example is the incident involving Turkey's well-known exchange BtcTurk—officials confirmed that multiple hot wallets across various chains were hacked, resulting in an abnormal outflow of over $48 million, affecting major cryptocurrencies such as Bitcoin, Ethereum, and AVAX.

According to tracking data from the Beosin security team, the stolen funds were transferred through multiple intermediary wallets, crossing paths on EVM-compatible chains and Bitcoin's blockchain. However, the exchange has not yet disclosed specific details about the attack, which may involve internal operational vulnerabilities, flaws in signing devices, or even improper management of seed phrases. BtcTurk is not the first to face such a crisis; looking at the entire industry, major exchanges like FTX and Mt. Gox have previously fallen into crises due to security issues or poor operational management. The $48 million gap once again highlights the systemic risks hidden within the "hot wallet" model used by centralized exchanges.

Currently, the security threats in the crypto market are becoming increasingly complex and diverse. On one hand, hackers' techniques are continuously evolving—from initial phishing emails and code vulnerabilities to now precise on-chain fund tracking and coordinated attacks; on the other hand, some platforms have relaxed security standards to improve trading efficiency and operational speed, unwittingly providing opportunities for hackers. For investors, fully entrusting funds to a centralized platform always carries risks—diversifying assets, choosing platforms with stronger security infrastructure, and moderately using non-custodial solutions are no longer optional but essential risk management practices.