BitMart Confirms November Breach and Links Suspects to Mercado Bitcoin
BitMart founder Sheldon Xia confirmed the November 2 exchange hack and said investigators believe the attackers may also be behind the recent Mercado Bitcoin breach.
BitMart founder Sheldon Xia confirmed the November 2 exchange hack and said investigators believe the attackers may also be behind the recent Mercado Bitcoin breach. Bitcoin (BTC) is trading at $78,294.00. This is an original TLT brief synthesising 2 outlets (Cryptopolitan, Crypto.news), plus live market data, as of Wed, 04 Nov 2026 13:45:02 UTC.
If confirmed, the link would indicate that one group may have targeted two major centralized exchanges, while the preliminary nature of the attribution leaves the scope of the BitMart attack uncertain.
- BitMart confirmed a security breach on November 2
- Investigators suspect involvement in the recent Mercado Bitcoin hack
- Both reports rely on founder Sheldon Xia’s X statement
- Bitcoin trades at $78,339 as fear remains elevated
Cryptopolitan and Crypto.news agree that BitMart suffered a security breach on November 2 and that founder Sheldon Xia confirmed the incident through X. Both outlets report that BitMart’s preliminary investigation points to the same attackers as the recent Mercado Bitcoin hack, although Crypto.news explicitly describes BitMart as having suffered another breach. The coverage differs mainly in framing: Cryptopolitan places the incident within a broader series of centralized-exchange thefts and identifies Mercado Bitcoin as Brazil’s largest crypto exchange, while Crypto.news focuses more directly on the possible connection between the two attacks. Neither outlet provides a conflicting loss estimate or a definitive conclusion about responsibility.
- Tether Freezes $4.5M in USDT Tied to Mercado Bitcoin Security Breach
- Mercado Bitcoin Suffers $38M Security Breach, Operations Suspended
- BitMart Confirms November Breach and Links Suspects to Mercado Bitcoin — this brief
BitMart founder Sheldon Xia confirmed on X that the centralized cryptocurrency exchange experienced a security breach on November 2. The confirmation came in a statement dated November 3, according to Cryptopolitan and Crypto.news, which both covered the exchange’s disclosure.
The exchange’s preliminary investigation reportedly suggests that those behind the BitMart intrusion may also have carried out the recent attack on Mercado 
Bitcoin. Crypto.news highlighted the possible connection directly, while Cryptopolitan noted that the two incidents occurred on the same day and framed the BitMart breach as the latest in a broader run of crypto thefts.
The two reports corroborate the timing, the founder’s confirmation and the preliminary link to Mercado Bitcoin. Crypto.news calls the BitMart incident another security breach, whereas Cryptopolitan emphasizes BitMart’s position as a centralized exchange and Mercado Bitcoin’s status as Brazil’s largest crypto exchange. No outlet cited in the supplied coverage offers a different attribution or a conflicting amount stolen, and neither provides a quantified loss for the BitMart attack.
Attribution remains provisional rather than final. The available reporting does not identify the attackers, explain how access was obtained or quantify the impact on user funds. What remains at issue is whether evidence collected by BitMart establishes a direct connection to the Mercado Bitcoin incident, and how extensive the damage was.
The wider crypto market was broadly higher as of the supplied snapshot, with total capitalization at $2.69 trillion and the Fear & Greed index at 34, still classified as Fear. Bitcoin was priced at $78,339, up 1.85% over 24 hours but down 3.67% over seven days, and its market capitalization stood at $1.58 trillion. The exchange-security news is therefore occurring against a positive short-term market backdrop, although sentiment remains cautious.
Since this brief published about 7 hours ago, Bitcoin (BTC) has moved from $78,339.00 to $78,294.00 — -0.06%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦108.18M (about $78,294.00), up 1.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
BitMart Confirms November Breach and Links Suspects to Merca — questions & answers
What did BitMart confirm?
Founder Sheldon Xia confirmed on X that BitMart suffered a security breach on November 2, according to Cryptopolitan and Crypto.news.
How are the BitMart and Mercado Bitcoin attacks connected?
BitMart’s preliminary investigation suggests the same attackers may be responsible for the recent Mercado Bitcoin hack. The attribution has not been presented as final.
How much was stolen from BitMart?
The supplied coverage does not quantify the loss, name the attackers or explain how the breach occurred.
How much is 1 Bitcoin worth in naira today?
About ₦108.18M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $78,294.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.06% since this brief first published — trading at $78,294.00 now versus $78,339.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.