Mercado Bitcoin hackers swap $11M in stolen altcoins for ETH

Hop wallets tied to the Brazilian exchange breach converted more than 136 tokens into Ether, while a $650,000 bridge to Bitcoin appears to have stalled The people who drained Brazilian crypto exchange Mercado Bitcoin are cashing out their grab bag. Hop wallets linked to the breach sold $10.55 million in stolen tokens for ETH, turning a messy pile of altcoins into one of crypto’s most liquid assets. The thieves also tried to move some of the loot into Bitcoin. That attempt, a bridge worth roughly $650,000, appears to have stalled. The conversion spree ran from November 3 to 4. Over that stretch, the attacker swapped more than 136 different tokens into Ether. Estimates of the total value converted range from approximately $10.55 million to $11.9 million.

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