BitMart founder confirms second exchange hack – Links to Mercado Bitcoin emerge

Two exchange security incidents and a potential shared threat actor. November has started with volatility. Macro FUD is driving uncertainty in the market. However, crypto security is also playing its part. Binance's exploit of a $6.3 billion hack triggered fresh panic, and now Mercado Bitcoin's $38 million-$49 million exploit has added another layer of FUD over the past 24 hours. The key takeaway? Another large-scale hack has occurred, which was confirmed by BitMart founder Sheldon Xia via his recent post on X. Initial investigation shows there may be a link between this and the attackers who exploited the $38M-$49M exploit on Mercado Bitcoin. In essence, two potentially connected hacks have emerged within just 24 hours. On-chain investigators are currently tracking down where the funds went.

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