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Mercado Bitcoin attack losses estimated at $48.6m as funds keep moving

NewsFeeds update

Bitquery estimates $48.6m was stolen across 11 blockchains in the Mercado Bitcoin attack, above the exchange's $36.3m figure, with funds moved for nearly four hours after it said the incident was contained. The exchange will cover losses from its own funds and plans to restore balance viewing on 9 Nov.

BitcoinOdailyAIBearish

Read the original on Odaily

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 confirms security incident and pauses deposits and withdrawals

  2. Tether freezes over 4.5m USDT linked to Mercado Bitcoin security incident

  3. Mercado Bitcoin publishes addresses tied to security incident

  4. Mercado Bitcoin says customer funds unaffected after alleged hack

  5. Mercado Bitcoin says it will bear $40m loss from hack

  6. Mercado Bitcoin says over $46m moved from its wallets in security incident

  7. Onchain Lens says $5.55m tied to Mercado Bitcoin hack is frozen

  8. Mercado Bitcoin says it has frozen $11m in stolen assets

  9. Synthetix governance moves 428,000 SNX stolen in Mercado Bitcoin hack to DAO address

  10. Mercado Bitcoin hackers still hold over $9.2m in altcoins, Lookonchain says

  11. Mercado Bitcoin hacker moves $8m in ETH and still holds $46m in crypto

  12. Arkham says Mercado Bitcoin hackers moved $11.5m in altcoins

  13. Lookonchain says Mercado Bitcoin hacker swapped altcoins for $18.2m of ETH

  14. Mercado Bitcoin hacker moves 1.92m VIRTUAL to new wallet, sells in batches

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

  16. Mercado Bitcoin to restore services in phases from 9 November

  17. Mercado Bitcoin attack losses estimated at $48.6m as funds keep moving

More Bitcoin updates

  1. Bitcoin breaks above $76,000, up 0.31% on the day

    BitcoinPANewsAIBullish

  2. Bitcoin and ether funding rates stay neutral as market steadies, CoinGlass data show

    BitcoinChainCatcherAINeutral

  3. Analyst Ai Yi says hacker address's 20x ETH short and BTC long total about $20m

    BitcoinOdailyAIBearish

Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.