Arkham: Mercado Bitcoin hacker address transfers approximately $8 million in ETH

On November 3, on-chain analytics firm Arkham detected that the address linked to the Mercado Bitcoin hack moved roughly $8 million in ETH to newly created wallets across multiple transactions, with each receiving address flagged as belonging to the hacker. The hacker-controlled entity still holds approximately $46 million in crypto assets, indicating the bulk of the stolen funds remains unmoved. The transfers suggest the attacker may be beginning to launder or restructure holdings from the breach of the Brazilian exchange. Market watchers should monitor the flagged wallets for further movements, potential swaps through mixers or DEXs, and any exchange deposits that could signal an attempt to cash out.