Mercado Bitcoin Hacker Moves $8M in ETH to Fresh Wallets
By Damilola Esebame
AI summary of the source article
Mercado Bitcoin suffered a hot wallet breach on November 2, with attackers stealing between $46 million and $48.5 million across multiple blockchains. The hacker has moved roughly $8 million in ether to new wallets, while over $9 million has been frozen.
Why it matters
The sequence of hacks "is likely to intensify regulatory scrutiny in Brazil, where existing crypto firms had to file their authorization requests with the Central Bank by October 30 under rules that took effect on February 2, 2026."
Key facts
- An attacker drained between $46 million and $48.5 million across ten blockchains from Mercado Bitcoin on November 2.
- On November 3, Arkham reported the attacker moved roughly $8 million in stolen ETH to newly created wallets.
- Over $9 million across 65 addresses has been frozen following coordination between Chainalysis, law enforcement, and entities including Tether, Circle, and Paxos.
Source excerpt · FinanceFeeds
An attacker who drained at least $46 million from Brazil’s largest cryptocurrency exchange has begun moving stolen ether to fresh wallets, blockchain analytics firm Arkham reported on November 3 . The transfers total roughly $8 million in ETH and come one day after Mercado Bitcoin confirmed the breach and suspended deposits and withdrawals. Attacker Drained Up to $48.5 Million Across Ten Blockchai…