Mercado Bitcoin hacker is swapping PENDLE for ETH through DeFi platforms such as CowSwap

Odaily reports: According to Arkham monitoring, the Mercado Bitcoin hacker is using CowSwap and 1inch to swap PENDLE for ETH. Over the past hour, the address has moved more than 760,000 PENDLE, worth approximately $1.3 million. As of now, CowSwap and 1inch appear to have not effectively prevented the related hacking activity, raising community concerns that DeFi protocols are being used to process and move stolen funds.