More than 760,000 Pendle (PENDLE), valued at about $1.3 million, moved toward conversion into Ether (ETH); Arkham monitoring associated the wallet with Mercado Bitcoin’s security incident.
Arkham’s record places the movement in the 60 minutes ending at 8:16 a.m. ET (13:16 UTC) on Wednesday, Nov. 4, and lists CowSwap and 1inch in the transfer path.
Mercado Bitcoin had paused deposits and withdrawals after the incident. The company said it had contained the issue, reported no customer losses or customer-data leaks and restricted $12.9 million while checking whether services could safely resume, according to EconoTimes’ earlier coverage of the transfer pause.
Hypernative, a blockchain security firm, flagged more than $40 million in suspicious transfers across several networks, according to EconoTimes’ earlier account of incident-linked addresses. Mercado Bitcoin had not confirmed that figure as a loss. The exchange also published addresses associated with the incident across Bitcoin, TRON, Stellar, Solana and EVM networks.
