Tether freezes $4.5M linked to Mercado Bitcoin hack as hacker holds $46M
Tether has frozen $4.5 million connected to the Mercado Bitcoin hack, while the hacker still holds $46 million in crypto. Mercado Bitcoin says it is still restoring its systems and has shared tracking addresses. Exchange hacks can weigh on trader confidence, so the latest updates matter.
Why it matters
- Tether froze $4.5 million, but the hacker still holds $46 million in crypto.
- Mercado Bitcoin says restoration work is continuing after the hack.
- Released tracking addresses may help follow the stolen funds.
What to watch next
Watch for a reopening timetable from Mercado Bitcoin and any new updates on the tracking addresses.
