Mercado Bitcoin Hack Estimated at $49 Million Across 17 Chains

The Mercado Bitcoin hack is estimated at $49 million across 17 blockchain networks, as customer access to the exchange’s services remained suspended. Mercado Bitcoin separately said $11 million had been blocked and pledged customers would not incur losses. The blocked amount equals about 22% of the estimate. That comparison puts the exchange’s blocked-funds update alongside the broader estimate, but it does not establish that the remaining amount was lost or recovered. The estimate covers 17 networks, giving the incident a cross-chain scope. The two figures are different measures: one values the hack, while the other describes funds blocked.

Also reported by The Defiant.

Source: TokenPost