Back Forklog Mercado Bitcoin Halts Operations Following Security Incident
Brazilian crypto exchange Mercado Bitcoin reported a security incident in one of its systems on the night of November 2. According to the company, the threat was swiftly contained, with no losses to clients and no data breach occurring. Deposits and withdrawals have been temporarily suspended during the investigation.
Preliminary estimates suggest losses could exceed $40 million. Exchange representatives have not confirmed the potential damage amount. The method of attack remains unknown.
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ZachXBT reports $106M stablecoin theft from European organization.
On-chain researcher ZachXBT reported a suspected theft of over $106 million in USDC and USDT from accounts linked to an unnamed European organization on several centralized exchanges. The incident occurred on November 1.
In the following 24 hours, the alleged thief actively exchanged USDC for ETH, transferred assets through instant exchange services like WellWallet and Kyrrex, converted them to Monero (XMR) via Wagyu, and moved them across blockchains.
Based on the identified money laundering methods, ZachXBT stated with high confidence that the North Korean group Lazarus Group is unlikely to be involved in the attack.
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