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Mercado Bitcoin security incident

Story timeline · 2 updates, 4 Nov 2026

BitMart, which is shutting down and in restructuring, was hacked for a smaller sum; founder Sheldon Xia suspects the same group behind Brazil's Mercado Bitcoin attack. Xia now says BitMart's security team is severely understaffed, and Bitquery traced about $391,000 in suspicious movements to a wallet also linked…

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