Bitquery says Mercado Bitcoin hack continued after containment claim
BROBROK News · Based on reporting by Decrypt ·
Bitquery says the attacker kept draining Mercado Bitcoin-linked deposit addresses for hours after the exchange said the breach had been contained. Its forensic analysis traces $48.6 million across 11 blockchains, above the exchange’s latest estimate of $36.3 million.
Key points
- Bitquery says 36,042 Ethereum deposit addresses were emptied after the containment announcement.
- The researchers tracked the stolen assets across 11 blockchains.
- Bitquery’s total estimate is higher than Mercado Bitcoin’s latest figure.
- Mercado Bitcoin said it would cover user losses with its own funds.
- Its reopening plan starts with balance viewing on November 9; withdrawals and trading remain suspended.
Why it matters
The discrepancy raises questions about incident reporting at exchanges and how long attackers may retain access after a breach is announced. It also highlights the risks tied to deposit-address infrastructure and private-key management.
Original headline: “Mercado Bitcoin Said Its Hack Was Contained, But Blockchain Data Tells a Different Story”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.