Arkham: Mercado Bitcoin hacker has converted the stolen coins into $10.55 million in ETH
Original headlineArkham：Mercado Bitcoin 黑客已将盗币兑换为 1055 万美元 ETH
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The hacker linked to the Mercado Bitcoin breach has swapped stolen tokens into roughly $10.55 million worth of ETH, according to Arkham, with the flagged entity now holding about $31.23 million in assets. A separate transaction routing about $650,000 through the Bridgers cross-chain service into BTC appears to have been intercepted. The conversion matters because it marks the stolen funds moving out of illiquid altcoin exposure into ETH, a more liquid asset that is easier to launder or stake. Watch the hacker-linked wallets for further swaps, cross-chain transfers and any movement toward exchanges or mixers.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Mercado Bitcoin, Arkham, Ethereum (ETH), Bridgers
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