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Arkham Links Wallet to Mercado Bitcoin Incident as 760,000 PENDLE Moves

The transfers came in the hour before 8:16 a.m. ET (13:16 UTC) Nov. 4, with CowSwap and 1inch on the route.

By Enna Lee
Published
Mentioned assets
An unmarked hardware wallet beside a closed metal withdrawal slot / TokenPost.ai
An unmarked hardware wallet beside a closed metal withdrawal slot / TokenPost.ai

Arkham monitoring linked a wallet to Mercado Bitcoin’s security incident as it routed more than 760,000 Pendle (PENDLE), worth about $1.3 million, toward a swap into Ether (ETH).

The activity took place in the hour before 8:16 a.m. ET (13:16 UTC) Nov. 4, with CowSwap and 1inch on the route.

Mercado Bitcoin previously suspended deposits and withdrawals after the security incident. Tether also froze more than 4.5 million USDT tied to the incident.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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