Mercado Bitcoin Restores Account Access but Withdrawals…
By Abdelaziz Fathi
AI summary of the source article
Mercado Bitcoin began restoring read-only account access following a security breach that drained an estimated $48.6 million. However, trading, deposits, and withdrawals remain suspended while the platform conducts security validations and replenishes lost assets with company funds.
Why it matters
Mercado Bitcoin said this staged approach is intended to allow security checks on each part of the platform before funds can move again.
Key facts
- Mercado Bitcoin restored read-only account access on November 9 following a November 2 breach draining an estimated $48.6 million across 11 blockchains.
- Trading, deposits, withdrawals, and transfers remain unavailable while platform systems undergo security validation.
- More than 33% of the diverted assets have been blocked, and the exchange is using company resources to replace lost funds.
Source excerpt · FinanceFeeds
Mercado Bitcoin began restoring customer access on November 9, one week after a security breach drained an estimated $48.6 million across multiple blockchains, but customers still cannot trade, deposit or withdraw funds. The Brazilian crypto platform is reopening accounts gradually in read-only mode, allowing users to view balances, holdings and investments. Mercado Bitcoin said access would be ro…