Arkham Links Wallet to Mercado Bitcoin Incident as 760,000 PENDLE Moves

Arkham monitoring linked a wallet to Mercado Bitcoin’s security incident as it routed more than 760,000 Pendle (PENDLE), worth about $1.3 million, toward a swap into Ether (ETH). The activity took place in the hour before 8:16 a.m. ET (13:16 UTC) Nov. 4, with CowSwap and 1inch on the route. Mercado Bitcoin previously suspended deposits and withdrawals after the security incident. Tether also froze more than 4.5 million USDT tied to the incident . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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