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Mercado Bitcoin Said Its Hack Was Contained, But Blockchain Data Tells a Different Story

Headline from Decrypt

Image: Decrypt

Key points

  • Brazilian cryptocurrency exchange Mercado Bitcoin previously stated that a security breach was successfully contained on Monday.
  • However, new forensic analysis of blockchain data indicates that thousands of customer deposit addresses were drained hours after that announcement.
  • Investigators have now traced roughly $48.6 million in stolen funds moving across 11 different blockchain networks following the incident.

Summarized automatically by Kryptokite from reporting by Decrypt. Read the original sources for full detail.

Coins mentioned

Sources

  • DecryptMercado Bitcoin Said Its Hack Was Contained, But Blockchain Data Tells a Different Story · 2 hours agoRead on Decrypt

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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.

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