A post by @lookonchain on X.

Brazilian crypto exchange Mercado Bitcoin has been hacked for over $46 million, according to on-chain analyst Lookonchain, with more than $9 million of the stolen assets already frozen. The attacker's wallet still holds a portfolio of altcoins totaling roughly $8.2 million, including 372.99 billion PEPE ($1.79 million), 12.82K AAVE ($1.61 million), 769.95K PENDLE ($1.35 million), 29.83K EVA ($1.26 million), 1.98 million VIRTUAL ($1.15 million), 147.84K UNI ($1.04 million), and 2.67 million ONDO ($1.03 million). The incident adds Mercado Bitcoin to a growing list of exchange exploits in 2025 and raises counterparty-risk concerns for users of centralized platforms, particularly in Latin America's largest crypto market. Market participants will be watching whether the frozen funds are recovered, whether the hacker liquidates the remaining altcoin holdings — which could create selling pressure on PEPE, AAVE, PENDLE, EVA, VIRTUAL, UNI, and ONDO — and whether the exchange discloses further details on the breach's cause and reimbursement plans.