Arkham: Mercado Bitcoin hackers have converted stolen funds into $10.55 million worth of ETH

On November 4, according to monitoring by Arkham, intermediary wallets linked to the Mercado Bitcoin hack have converted the stolen tokens into ETH valued at $10.55 million.

Arkham noted that a transaction via Bridgers to cross-chain swap approximately $650,000 in assets to BTC appears to have been intercepted. The accompanying image shows that an entity flagged as the involved hacker holds approximately $31.23 million in assets.