Mercado Bitcoin reports incident after $46M wallet drain
BROBROK News · Based on reporting by Cointelegraph ·
Mercado Bitcoin confirmed a security incident and paused deposits and withdrawals after blockchain analysts estimated more than $46 million was drained from its wallets. Analysts also said funds kept moving for hours after the company announced the suspension.
Key points
- Analysts estimated losses of more than $46 million from the exchange’s wallets.
- Certik said the attackers moved across several networks, including Base, Optimism and Arbitrum.
- Mercado Bitcoin said customer funds were safe and no data had been leaked.
- Tether and Circle reportedly froze about $6.2 million of the traced funds.
- The incident remains under investigation and has not been linked to a specific group.
Why it matters
The case highlights the operational and security risks faced by centralized exchanges when wallet access is compromised. It also shows how stablecoin issuers can play a role in freezing part of stolen funds.
Original headline: “Mercado Bitcoin wallets show post-hack transfers after $46M theft”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.