🔥💥🚀
🗞️ The news of another exchange hack is spreading fast after Brazilian crypto exchange Mercado Bitcoin got ~$46M stolen and suspended deposits/withdrawals.
🕵️♀️Onchain tracking shows the hacker drained assets across 10+ chains, sweeping major holdings in BTC ($8.1M) and ETH ($8.2M), stablecoins like USDT & USDC (~$8M total), along with large bags of altcoins like PEPE, $AAVE, PENDLE, $UNI , and ONDO.
👉 At the same time, people see MELI (MercadoLibre) surging, so a little confusion is totally expected.
Just to clear it up: MELI is stock from a completely different company. It has zero connection to the Mercado Bitcoin exchange that was hit.
👉 The stock is actually jumping like crazy lately because MercadoLibre (the e-commerce & fintech giant) is reporting its Q3 earnings today, and investors are stepping in to buy the dip before the release.
Different market, totally different business!
#USStocksOpenHigherAsDowGains1.9%
$MELI
🗞️ The news of another exchange hack is spreading fast after Brazilian crypto exchange Mercado Bitcoin got ~$46M stolen and suspended deposits/withdrawals.
🕵️♀️Onchain tracking shows the hacker drained assets across 10+ chains, sweeping major holdings in BTC ($8.1M) and ETH ($8.2M), stablecoins like USDT & USDC (~$8M total), along with large bags of altcoins like PEPE, $AAVE, PENDLE, $UNI , and ONDO.
👉 At the same time, people see MELI (MercadoLibre) surging, so a little confusion is totally expected.
Just to clear it up: MELI is stock from a completely different company. It has zero connection to the Mercado Bitcoin exchange that was hit.
👉 The stock is actually jumping like crazy lately because MercadoLibre (the e-commerce & fintech giant) is reporting its Q3 earnings today, and investors are stepping in to buy the dip before the release.
Different market, totally different business!
#USStocksOpenHigherAsDowGains1.9%
$MELI
