Arkham monitoring linked a wallet to Mercado Bitcoin’s security incident as it routed more than 760,000 Pendle (PENDLE), worth about $1.3 million, toward a swap into Ether (ETH).

The activity took place in the hour before 8:16 a.m. ET (13:16 UTC) Nov. 4, with CowSwap and 1inch on the route.

Mercado Bitcoin previously suspended deposits and withdrawals after the security incident. Tether also froze more than 4.5 million USDT tied to the incident.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].