Chainalysis Helps Freeze Nearly $10 Million After Mercado Bitcoin Breach

Chainalysis helped freeze nearly $10 million in stolen stablecoins after a Nov. 2 security incident at Mercado Bitcoin involving assets across 17 blockchains. Mercado Bitcoin alerted the blockchain analytics firm early that morning. An exchange executive reached a local Chainalysis specialist at 2:30 a.m. ET. Chainalysis contacted law enforcement within 30 minutes and began sharing freezable addresses and other intelligence with stablecoin issuers and other partners. By morning, $4 million in stablecoins had been frozen.