Mercado Bitcoin Attacker Swaps Tokens for $10.55 Million in ETH, Arkham Says
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Mercado Bitcoin attacker swapped stolen tokens for $10.55 million in ETH, according to Arkham, which tracked $13.26 million leaving wallets labeled to the exchange. Mercado Bitcoin has raised its estimate of blocked assets to $12.9 million, narrowing the gap between funds moved and funds frozen. The episode matters because it shows how quickly an exchange breach can be converted into liquid ETH before recovery efforts take hold. Watch next for further Arkham tracing of the attacker’s wallets and whether Mercado Bitcoin’s blocked-assets figure rises toward the $13.26 million observed leaving.
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Mercado Bitcoin, Arkham, Ethereum (ETH)
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