Mercado Bitcoin Hack: $8M in Ethereum Moved After Attack

Crypto Insight Summary: The Mercado Bitcoin hack has taken another turn after blockchain investigators identified approximately $8 million in Ethereum moving into new cryptocurrency wallets. The transactions follow the November 2 security breach at Brazil’s major cryptocurrency exchange, where attackers reportedly transferred between $46 million and $49 million in digital assets. While investigators have already helped freeze nearly […] Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Moved hack funds may add near-term ETH selling pressure, but the breach is too small for a broad market shock.