Mercado Bitcoin Attacker Converts Stolen Altcoins Into ETH
Blockchain analytics indicate the attacker behind the Mercado Bitcoin breach exchanged about $10.55 million in stolen altcoins for Ethereum.
Blockchain analytics indicate the attacker behind the Mercado Bitcoin breach exchanged about $10.55 million in stolen altcoins for Ethereum. Bitcoin (BTC) is trading at ₹76,33,198 ($80,672.00), up 0.4% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Thu, 05 Nov 2026 07:15:01 UTC.
The conversion shows stolen assets continuing to circulate through new wallets, while a reported failed Bitcoin bridge attempt highlights the challenges involved in moving the remaining funds. Market participants may therefore focus on the destination and recovery of the estimated $46 million exposure.
- Attacker exchanged roughly $10.55 million in stolen altcoins for ETH
- Nov. 2 Mercado Bitcoin incident was initially estimated near $46 million
- Funds continue moving through newly created wallets
- Bitcoin is up 3.32% over 24 hours; ETH gained 5.46%
The attacker linked to the Nov. 2 Mercado 
Bitcoin security breach has exchanged approximately $10.55 million worth of stolen altcoins for 
Ethereum, according to blockchain analytics firm Arkham, as reported by TronWeekly. The estimate covers the value of the altcoins sold rather than the amount of Ethereum received.
TronWeekly’s Nov. 4 update said the compromised funds remain active and are moving through wallets created after the incident. In a separate development, an apparent attempt to bridge the stolen assets into Bitcoin was reported as having been halted, although the summary did not provide further detail about the attempted transaction.
The activity followed the exchange’s Nov. 2 security incident, which was initially estimated at around $46 million. TronWeekly described the latest movement as a continuation of the attacker’s efforts to place the stolen assets into circulation, with the conversion into ETH representing the most clearly quantified step so far.
The wider crypto market was broadly higher at the time of the update. Total market capitalization stood at $2.75 trillion, while the Fear & Greed index registered 50, corresponding to a Neutral reading. Bitcoin traded at $80,360 after rising 3.32% over 24 hours and 0.28% over seven days, with a market capitalization of $1.62 trillion.
Ethereum was priced at $2,418.09, gaining 5.46% over 24 hours and 4.31% over seven days, alongside a $295.47 billion market capitalization. The reported conversion places a substantial portion of the incident’s estimated exposure into ETH while funds continue moving through new wallets; the halted Bitcoin bridge attempt and any further wallet transfers are the next concrete points to monitor.
Since this brief published about 13 hours ago, Bitcoin (BTC) has moved from ₹76,03,676.94$80,360.00 to ₹76,33,198.43$80,672.00 — +0.39%.
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 $55,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹11.24M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 5 06:05 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 ≈ ₹8.19M (about $80,672.00), up 3.4% over 24 hours. The rupee itself trades about 7.3% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 5, 2026.
Token Times 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.
Mercado Bitcoin Attacker Converts Stolen Altcoins Into ETH — questions & answers
How much did the Mercado Bitcoin attacker convert into ETH?
Approximately $10.55 million worth of stolen altcoins was sold for Ethereum, according to Arkham’s estimate cited by TronWeekly.
When did the Mercado Bitcoin security incident occur?
The incident took place on Nov. 2 and was initially estimated at around $46 million.
What happened to the attempted Bitcoin bridge?
TronWeekly reported that a separate attempt to bridge the stolen funds into Bitcoin appeared to have been halted.
How much is 1 Bitcoin worth in rupee today?
About ₹8.19M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,672.00. 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 up 0.39% since this brief first published — trading at ₹76,33,198 ($80,672.00) now versus ₹76,03,677 ($80,360.00) 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 TronWeekly. 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.