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Mercado Bitcoin Vows Your Bags Stay Intact After The $38M Breach 🦇🖤

Mercado Bitcoin just dropped an update saying their users won’t lose a single dime after that wild security breach that made them pause deposits and withdrawals on Monday 🌑. The Brazilian exchange valued the assets at risk around $38 million but they already locked up $11 million working with Tether Circle Paxos BRL1 and Chainalysis 🖤.

Recovery Efforts Keep Rolling On 💀

In their fresh statement Mercado Bitcoin said more shady amounts popped up for blocking and they’re still containing the mess 👀. Everything started in the early hours of Monday when they spotted something off in their systems and hit pause on services to keep customer funds safe. Services are coming back once everything feels secure again fr. Blockchain security firm Hypernative flagged over $40 million sliding out across at least 10 chains including Bitcoin Ethereum Solana and Tron. No customer data got leaked tho. The first weird transfer hit at 2:15 UTC with the biggest moves between 6:19 and 6:53 UTC heading to fresh addresses. These looked like normal signed transfers which is kinda creepy.

More Exploits Popping Up Everywhere 🔥

The whole space barely caught a break after that reported $6.3 billion Binance hack lol. ZachXBT called out a separate theft of over $133 million in withdrawals from centralized exchanges tied to some unnamed EU entity 🕸️. He traced another $27 million on top of the earlier $106 million total. Funds moved in USDC and USDT then got swapped for ETH through instant exchanges like WellWallet and Kyrrex before turning into XMR via Wagyu. The actor bridged across chains too. ZachXBT feels pretty sure this isn’t Lazarus Group stuff and thinks a big Western European financial institution got hit with a cover-up happening rn 😈. He’s mad about the missing proper disclosure and notes over $30 million already laundered that EU cops could’ve frozen.
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