According to ZachXBT on Twitter, BitoEx hot wallets experienced suspicious outflows totaling approximately $11.5 million on May 8, 2025, yet the exchange has not disclosed the security incident on official channels such as X or Telegram several weeks later (source: ZachXBT, Twitter, June 2, 2025). This lack of transparency may undermine user confidence and could lead to increased market volatility for BitoEx-associated crypto assets, as traders may seek safer platforms or liquidate holdings in response to perceived risk.