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Mercado Bitcoin hackers swap PENDLE for ETH via CowSwap and 1inch, Arkham says

NewsFeeds update

Arkham says the suspected Mercado Bitcoin hackers are swapping PENDLE for ETH through CowSwap and 1inch, moving more than 760,000 PENDLE worth about $1.3m in an hour. The platforms appear not to have blocked the activity, raising concern over stolen funds moving through DeFi.

AltcoinsChainCatcherAIBearish

Read the original on ChainCatcher

The story so far: Mercado Bitcoin security incident (13 flashes)

Brazilian exchange Mercado Bitcoin confirmed a security incident and paused deposits and withdrawals; Tether and Circle froze part of the funds. Arkham said attackers moved about $11.5m in altcoins. Bitquery now estimates $48.6m stolen across 11 blockchains, above the exchange's $36.3m figure, with funds moving…

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  1. Mercado Bitcoin hackers swap PENDLE for ETH via CowSwap and 1inch, Arkham says

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