Mercado Bitcoin wallets show post-hack transfers after $46M theft

What happened: Mercado Bitcoin confirmed a security incident in which over $46 million in cryptocurrency was drained from its wallets on Monday. The Brazilian exchange paused deposits and withdrawals, saying customer funds and data were safe. Key numbers: Over $46 million stolen. Why it matters: Certik's Dickson Wu said funds kept moving out of addresses tied to the breach hours after the suspension, and that whoever did this can also move money from customer deposit addresses. Mercado Bitcoin did not comment on the continued transfers.

Mercado Bitcoin confirmed a security incident in which over $46 million in cryptocurrency was drained from its wallets on Monday. The Brazilian exchange paused deposits and withdrawals, saying customer funds and data were safe.

Certik's Dickson Wu said funds kept moving out of addresses tied to the breach hours after the suspension, and that whoever did this can also move money from customer deposit addresses. Mercado Bitcoin did not comment on the continued transfers.