Binance and Mercado Bitcoin hackers move stolen cryptocurrency

Hackers linked to major security breaches at Binance and Mercado Bitcoin are actively liquidating stolen assets.

In the Binance exploit, which had an estimated impact of approximately $6.3 billion, an attacker reportedly sold nearly 500 billion Shiba Inu (SHIB) tokens. This sale was part of a larger movement of roughly $279 million across more than 130 different altcoins. The SHIB portion of the sale is valued at approximately $2.3 million.

Separately, blockchain analytics firm Arkham reports that the attacker behind the Mercado Bitcoin breach has converted approximately $10.55 million worth of stolen altcoins into Ethereum (ETH). This activity follows a November 2 incident initially estimated at $46 million. The attacker used multiple newly created wallets to swap tokens, including significant amounts of PEPE, AAVE, and VIRTUAL, into ETH. A separate attempt to bridge approximately $650,000 into Bitcoin was reportedly halted.