[REVISION HISTORY]

Binance and Mercado Bitcoin cryptocurrency hacks

1 recorded revision of this situation.

What changed

2026-11-09 18:53 UTC → 2026-11-09 22:53 UTC · added ~~removed~~

Major security breaches at cryptocurrency exchanges Binance and Mercado Bitcoin have led to significant asset losses and market volatility. The Binance exploit resulted in an estimated loss of approximately $6.3 billion. Following the breach, attackers reportedly moved hundreds of millions of dollars across various altcoins, including the sale of nearly 500 billion Shiba Inu tokens. Simultaneously, the Mercado Bitcoin breach affected roughly $46 million to $49 million in assets. Blockchain analytics indicate the attacker converted approximately $10.55 million in stolen altcoins into Ethereum using multiple new wallets. The combined impact of these hacks, alongside political shifts following US midterm elections, has contributed to downward pressure and volatility across the cryptocurrency market. In ~~response to~~ the ~~Binance incident,~~ United States, Democratic Party gains in midterm elections are expected to influence cryptocurrency regulation. This political landscape, paired with the ~~exchange~~ security breaches, has ~~begun resuming withdrawals for certain~~ contributed to price fluctuations, such as Bitcoin dropping from approximately $81,000 to $76,000. Specific assets are also facing pressure. XRP has experienced five consecutive days of devaluation, resulting in approximately $40 million in long positions being liquidated on November 8. Analysts have noted an increase in large-scale short positions for XRP, with some predicting a price target as ~~part~~ low as $0.99. Additionally, Strategy’s Bitcoin reserves, totaling 849,327 BTC, have fallen below the company’s average acquisition cost of ~~its recovery process.~~ $75,451, with the current market value at approximately $63.58 billion.

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