Forensic Findings Challenge Mercado Bitcoin’s Breach-Containment Claim
Blockchain analysis cited by Decrypt traces $48.6 million across 11 networks after the Brazilian exchange said it had contained the incident.
Blockchain analysis cited by Decrypt traces $48.6 million across 11 networks after the Brazilian exchange said it had contained the incident. Bitcoin (BTC) is trading at $75,710.00, down 0.4% since this brief published. This is an original TLT brief based on reporting by Decrypt, with live market data added, as of Fri, 06 Nov 2026 05:00:04 UTC.
The discrepancy puts the scale and effectiveness of the exchange’s response in question. Thousands of affected deposit addresses also broaden the potential impact on customers beyond the initially described breach.
- $48.6 million traced across 11 blockchains
- Thousands of customer deposit addresses reportedly drained
- Bitcoin trades at $76,038, down 5.61% over 24 hours
- Market sentiment remains in fear at 28
- 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
- Forensic Findings Challenge Mercado Bitcoin’s Breach-Containment Claim — this brief
Mercado 
Bitcoin reportedly informed customers that it had stopped a security breach on Monday, but fresh blockchain forensic analysis presented by Decrypt indicates that customer funds continued moving after that announcement. The analysis identified thousands of deposit addresses that were drained, pointing to a wider impact than the exchange’s initial containment description suggested.
According to Decrypt’s summary of the investigation, the activity involved approximately $48.6 million across 11 blockchains. The cross-chain tracing connects the reported breach to a substantial number of customer deposit addresses and appears to contradict the notion that all affected funds had already been secured when Mercado Bitcoin announced the breach had been contained.
The timing is central to the dispute: the traced transfers occurred within hours of the exchange saying it had ended the incident. Because the reporting is based on one outlet’s summary and no other supplied outlet independently corroborates the forensic findings, the claimed $48.6 million figure, the 11-chain scope and the involvement of thousands of addresses remain attributes of Decrypt’s coverage.
Market conditions were broadly negative as the report emerged. Bitcoin was priced at $76,038, down 5.61% over 24 hours and 1.32% over seven days, with a market capitalization of $1.53 trillion. The total crypto market stood at $2.62 trillion, while the Fear & Greed index registered 28, placing sentiment in the Fear zone. The figures provide market context but do not establish a connection between broader selling and the exchange incident.
The immediate point to watch is whether additional on-chain movement or customer withdrawals emerge after the reported containment announcement. The scale described by Decrypt makes the incident relevant beyond Mercado Bitcoin because it highlights the operational difficulty of stopping withdrawals and tracing funds across multiple blockchain networks.
Since this brief published about 9 hours ago, Bitcoin (BTC) has moved from $76,038.00 to $75,710.00 — -0.43%.
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.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, $164.24K 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 6 03:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦104.64M (about $75,710.00), down 5.9% over 24 hours. The naira itself trades about 2.5% 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.
Figures and sectors in this story, checked live against on-chain aggregators · November 6, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Forensic Findings Challenge Mercado Bitcoin’s Breach-Contain — questions & answers
How much was traced in the reported exchange hack?
Decrypt cites forensic analysis tracing approximately $48.6 million across 11 blockchains.
How many customer deposit addresses were reportedly drained?
The analysis identified thousands of customer deposit addresses that were drained.
When did the traced transfers occur relative to the announcement?
They occurred within hours of Mercado Bitcoin saying on Monday that it had stopped the breach.
How is Bitcoin trading as the report emerges?
Bitcoin is at $76,038, down 5.61% over 24 hours and 1.32% over seven days.
How much is 1 Bitcoin worth in naira today?
About ₦104.64M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $75,710.00. 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 0.43% since this brief first published — trading at $75,710.00 now versus $76,038.00 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 Decrypt. 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.