Mercado Bitcoin hack: Chainalysis says nearly $10M was frozen

Chainalysis said it helped freeze nearly $10 million in stolen funds after Mercado Bitcoin, Brazil’s largest crypto exchange, suffered a security incident that it said led to about $49 million in stolen assets. The company said it worked with the exchange, law enforcement and industry partners in the early hours of the Nov. 2 attack to trace the movement of funds and identify assets that could be interrupted. In a Nov. 2 post, Chainalysis said the attack began in the early hours of the day and involved assets held across 17 blockchains, with the largest tranches coming from Bitcoin and Ethereum.

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