Hacking News
Mercado Bitcoin hackers swap $11M in stolen altcoins for ETH
The hackers who breached Brazilian crypto exchange Mercado Bitcoin have converted more than $10.55 million in stolen altcoins into Ether (ETH). The hackers also attempted to move some of the stolen funds into Bitcoin, but the bridge transfer appears to have stalled. The attack occurred on November 2, 2026, and involved draining funds from hot wallets and customer deposit addresses across multiple blockchains. The hackers gained the ability to authorize transactions, effectively gaining control of the funds.