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Nearly $7M in tokens frozen amid Mercado Bitcoin incident; withdrawals still suspended

Market News
02 Nov 2026, 22:46 WIB
Tokenpost
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Bearish
Nearly $7M in tokens frozen amid Mercado Bitcoin incident; withdrawals still suspended

Circle and Paxos have frozen nearly $7 million worth of tokens linked to the Mercado Bitcoin incident, with Circle freezing USD Coin (USDC) on Polygon and Paxos freezing gold tokens on Ethereum. Tether separately froze over $4.5 million in USDT connected to the event. Mercado Bitcoin has identified wallets involved, and withdrawals from the exchange remain suspended. Additionally, a wallet linked to the breach sent 2,800 Ether (ETH) in a separate transaction, highlighting ongoing security concerns.

The Circle and Paxos freezing of nearly $7 million in tokens linked to the Mercado Bitcoin incident provides context for cryptocurrency market activity. For readers following the crypto sector, here is Pluang's market snapshot as of Nov 03, 2026 03:31 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include YFI at Rp34.890.432 with a 1-day change of -3.81% and a typical hold time of 94 days, THETA at Rp2.733 down 3.73% with 100% buy order activity, and CRV at Rp4.833 down 3.69% with 60% sell order activity.

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