Mercado Bitcoin Suffers Over $46 Million in Losses After Hack; Hacker Still Holds Approximately $9.2 Million in Altcoins

Brazilian crypto exchange Mercado Bitcoin suffered a hack resulting in losses exceeding $46 million, according to on-chain analytics platform Lookonchain, with over $9 million of the stolen assets already frozen. The hacker still holds approximately $9.2 million in altcoins, creating potential sell pressure across several tokens: 372.99 billion PEPE (~$1.79 million), 12,820 AAVE (~$1.61 million), 769,950 PENDLE (~$1.35 million), 29,830 EVA (~$1.26 million), 1.98 million VIRTUAL (~$1.15 million), 147,840 UNI (~$1.04 million), and 2.67 million ONDO (~$1.03 million). The incident matters because it adds to a string of exchange security breaches and leaves a concentrated overhang of tokens that could hit liquidity if dumped on the market. Watch for further freezes by exchanges or security teams, movements of the hacker's wallets, and any signs of the remaining $9.2 million in altcoins being sold.