Mercado Bitcoin hacker continues sweeping old deposit addresses and liquidating stolen memecoins and altcoins; confirmed loss now $46M and rising.
Security & Exploits ·
The Mercado Bitcoin exchange has suffered a significant breach, with confirmed losses reaching $46 million as the attacker continues to access and liquidate assets. The hacker is actively sweeping older deposit addresses and converting stolen memecoins and altcoins into liquid assets, according to on-chain tracking data. The attack appears ongoing, with the total loss figure rising as the perpetrator executes additional transactions.
The breach has resulted in stolen funds being dispersed across at least 46 distinct addresses, creating a fragmented recovery landscape. The attacker's strategy of targeting legacy deposit wallets and converting alternative tokens suggests systematic extraction of value across multiple asset classes held within the platform. Recent monitoring indicates active movement of these funds.
The exchange has stated that customer funds remain secure, but the scope and ongoing nature of the theft leave several critical questions unresolved. It remains unclear how the initial compromise occurred, whether additional deposits remain at risk, and what portion of stolen assets can be recovered or frozen. The $46 million figure is confirmed but acknowledged as growing, leaving the final damage assessment unknown.