Blockchain Evidence Challenges Mercado Bitcoin’s Contained-Hack Claim
Decrypt reports that blockchain forensics traced $48.6 million across 11 networks, indicating customer deposits continued draining after Mercado Bitcoin announced the breach had been stopped.
Decrypt reports that blockchain forensics traced $48.6 million across 11 networks, indicating customer deposits continued draining after Mercado Bitcoin announced the breach had been stopped. Bitcoin (BTC) is trading at ₹71,47,472 ($75,605.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by Decrypt, with live market data added, as of Fri, 06 Nov 2026 06:00:01 UTC.
The findings raise questions about whether the exchange had actually contained the incident, leaving affected users and counterparties to confront losses spread across multiple blockchains.
- Forensic analysis traced $48.6 million across 11 blockchains
- Thousands of customer deposit addresses were drained
- Blockchain findings differ from Mercado Bitcoin’s containment claim
- Bitcoin trades at $75,773, down 5.79% over 24 hours
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- BitMart Confirms November 2 Hack, Investigates Mercado Bitcoin Link
- Blockchain Evidence Challenges Mercado Bitcoin’s Contained-Hack Claim — this brief
Decrypt reports that fresh forensic analysis identified $48.6 million moving across 11 blockchains connected to the breach of Brazilian crypto exchange Mercado 
Bitcoin. The analysis also found that thousands of customer deposit addresses were drained, showing the scale of the activity identified by investigators.
The timing conflicts with the exchange’s public position. According to Decrypt, the customer addresses were emptied only hours after Mercado Bitcoin said on Monday that it had stopped the breach. The supplied coverage does not provide a response from the exchange addressing the newer blockchain evidence or a more detailed account of the affected assets and networks.
The findings highlight the distinction between halting unauthorized activity and independently confirming containment. Following funds through onchain records allowed the reported analysis to identify activity across 11 blockchains, while the affected deposit addresses suggest that the loss involved multiple customer balances rather than a single isolated wallet.
The broader crypto market was weak during the reported market snapshot. Bitcoin was priced at $75,773, down 5.79% over 24 hours and 1.92% over seven days, while total crypto market capitalization stood at $2.61T and the Fear & Greed index registered 28, indicating fear. The market data provides context for the incident but does not establish that the breach caused Bitcoin’s decline. What remains important to watch is whether further transfers emerge from the thousands of addresses cited and whether additional evidence supports or challenges the containment claim.
Since this brief published about 10 hours ago, Bitcoin (BTC) has moved from ₹71,63,354.45$75,773.00 to ₹71,47,472.23$75,605.00 — -0.22%.
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 Token Times'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, ₹15.51M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 6 04:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.68M (about $75,605.00), down 5.9% over 24 hours. The rupee itself trades about 7.5% above the official rate on the P2P market, so a Indian 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.
Blockchain Evidence Challenges Mercado Bitcoin’s Contained-H — questions & answers
How much did the forensic analysis trace?
Decrypt reports that the analysis traced $48.6 million across 11 blockchains connected to the Mercado Bitcoin breach.
What made the findings conflict with the exchange’s statement?
Thousands of customer deposit addresses were drained hours after Mercado Bitcoin said it had stopped the breach, according to Decrypt.
Did the breach cause Bitcoin’s 24-hour decline?
The supplied market data does not establish a causal link. Bitcoin fell 5.79% over 24 hours amid a broadly declining crypto market.
How much is 1 Bitcoin worth in rupee today?
About ₹7.68M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $75,605.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.22% since this brief first published — trading at ₹71,47,472 ($75,605.00) now versus ₹71,63,354 ($75,773.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.