Crypto hack wave: Mercado Bitcoin and ~$7B stolen in 100 days
Mercado Bitcoin suspended deposits and withdrawals after a reported $40M+ hack, and one tally puts crypto thefts above $7B in 100 days. CT is debating custody design and whether AI is driving the wave.
What we know
Brazil's largest exchange suspended deposits and withdrawals after a reported $40M+ hack. Murtaza's tally lists Binance ($6.3B), Bitget, Coldcard, Ledger/Cryptobilis and others. trade.xyz also reported a GitBook compromise and told users not to click doc links. Commentators speculate that AI is behind the bulk hacks and that crypto is becoming onchain trenches. Proposed mitigations include once-a-day withdrawals and comparing perp DEX key-compromise resilience. OKX stressed its security stance.
How the story developed
Mercado Bitcoin suspended deposits and withdrawals after a reported $40M+ hack, and one tally puts crypto thefts above $7B in 100 days. CT is debating custody design and whether AI is driving the wave.
CT is drawing parallels to 2022 and 2023 setups and expects Bitcoin to chop until the US midterms. Some argue tech/AI underperformance could pull money into crypto.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.