Mercado Bitcoin Confirms $46 Million Crypto Hack as…
By Abdelaziz Fathi
AI summary of the source article
Mercado Bitcoin suspended deposits and withdrawals after a security breach involving over $46 million in suspected cryptocurrency outflows. The exchange stated that customers suffered no losses, while stablecoin issuers Tether and Circle froze approximately $6.2 million linked to the incident.
Why it matters
The distinction matters because exchange deposit addresses can continue receiving cryptocurrency directly on public blockchains even when deposits are disabled inside the trading platform.
Key facts
- Mercado Bitcoin confirmed a security breach on November 2, with Arkham Intelligence tracking over $46 million in suspicious outflows.
- The exchange suspended deposits and withdrawals, stating no customer funds were lost and no personal data was compromised.
- Stablecoin issuers Tether and Circle froze approximately $6.2 million in connection with the breach.
Source excerpt · FinanceFeeds
Brazilian cryptocurrency exchange Mercado Bitcoin has suspended deposits and withdrawals after a security breach involving more than $46 million in suspected cryptocurrency outflows. Blockchain investigators reported that funds continued moving from addresses associated with the incident for hours after the exchange announced the suspension, raising questions about whether the attackers retained a…