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CryptoUpdated×2•Originally published 4 November 2026•Updated 4 November 2026•
1 min read

Mercado Bitcoin Hackers Swap $11.45M in Stolen Altcoins for ETH

Key Facts

1Hackers linked to the Mercado Bitcoin breach swapped $11 million worth of stolen altcoins into ETH.
2On-chain activity included swapping PENDLE for ETH via CowSwap and other DeFi platforms.

Hackers linked to the Mercado Bitcoin breach swapped $11.45 million worth of stolen altcoins into ETH. Crypto Briefing reported that the attackers converted more than 136 different tokens to move the stolen haul into one of the market's most liquid assets.

On-chain activity included swapping PENDLE for ETH via CowSwap and other DeFi platforms, according to Coincu. These movements follow the November 2, 2026, attack on the Brazilian exchange Mercado Bitcoin, as the hackers attempt to consolidate assets into ETH to facilitate laundering and avoid the freezing of funds.

Latest Updates · 1

  1. Notable·

    Update: Onchain Lens identified a wallet linked to the breach moving 1.92 million VIRTUAL tokens on November 4, 2026. This movement is part of the attackers' ongoing efforts to liquidate various tokens seized during the exploit of the Brazilian exchange.

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