Mercado Bitcoin suffered a hacker attack, resulting in a total loss of $48.6 million.
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The Mercado Bitcoin exchange was hacked, and the hackers continued to steal funds even after claiming to have the situation under control.
The attack involved 11 blockchains, with total losses reaching $48.6 million.
Affected by the decline in the crypto market, Huang Licheng's 25x Ethereum long position was closed out and reduced, and he currently holds only 600 ETH, with a position value of approximately $1.372 million.
The liquidation price for this position is $2,251, which is only $30 away from the current Ethereum price of $2,281.
The S&P 500 (US500) fell 2.79% and the Nasdaq 100 (NAS100) fell 4.81%, both falling to their lowest levels since late July.
Cryptocurrency stocks generally declined, with BMNR (BitMine) down 11.73%, CRCL (Circle) down 11.35%, SBET (Sharplink) down 11.31%, BLSH (Bullish) down 11.05%, MSTR (Strategy) down 10.12%, COIN (Coinbase) down 9.37%, IBIT (BlackRock Bitcoin ETF) down 5.49%, and BITO (ProShares Bitcoin Futures ETF) down 5.54%.
[$24.08 million worth of ETH was traded in a single transaction, originating from Hyperliquid perpetual contracts.]
Short-term capital moves with intensity, market remains divided on outcomes, and the active intent might still be unclear.
