Mercado Bitcoin hacker converts stolen altcoins to ETH, now holding 7,988 ETH worth ~$18.19M.

Security & Exploits · 2026-11-04

A hacker who breached Mercado Bitcoin has exchanged stolen altcoins for Ethereum and currently holds 7,988 ETH valued at approximately $18.19M. The attacker's conversion of the stolen assets to ETH marks an escalation in the security incident affecting the Brazilian exchange.

Previously on Telem

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Mercado Bitcoin confirms $38M breach, blocks $11M in recovery efforts 2026-11-03
Mercado Bitcoin pledges to cover all losses from recent hack 2026-11-03
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Mercado Bitcoin confirms cyberattack, $40M losses across 10 blockchains 2026-11-03