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Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets

Headline from Unchained

Image: Unchained

Key points

  • Brazilian cryptocurrency exchange Mercado Bitcoin has reported a security incident resulting in an estimated loss of $38 million.
  • The platform confirmed it successfully blocked $11 million of the stolen funds with assistance from partners Tether and Circle.
  • Mercado Bitcoin stated client assets remain safe while deposits and withdrawals stay suspended until security measures are restored.

Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.

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Sources

  • UnchainedBrazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets · 2 hours agoRead on Unchained

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