BITMART HACK LINKED TO $49M MERCADO BITCOIN EXPLOIT? HACKER NOW LIQUIDATING STOLEN FUNDS BitMart founder Sheldon Xia confirmed a minor security breach, with preliminary investigations suggesting a possible connection to the attackers behind Mercado Bitcoin's $38M–$49M exploit. Meanwhile, Arkham Intelligence has identified fresh on-chain movements: 🔹 $11.45M in altcoins moved to multiple wallets for potential liquidation. 🔹 Around $1.1M in $VIRTUAL transferred to a new address, with sales occurring in approximately $20K batches. 🔹 The attacker reportedly still holds around $1M in VIRTUAL 🔹 BitMart's founder acknowledged severe security-team understaffing following internal restructuring. Two exchange security incidents, a potentially shared threat actor, and millions in stolen assets actively moving across wallets.