Brazil's Mercado Bitcoin pauses deposits and withdrawals after $46M hack
Brazilian crypto exchange Mercado Bitcoin has paused deposits and withdrawals following a security breach linked to about $46M. The exchange says customer funds and data are safe, and reports indicate hacked wallets are still moving funds. Exchange hacks can weigh on trader confidence, so the situation is worth watching.
Why it matters
- The exchange has stopped deposits and withdrawals, which limits how customers can move money.
- Mercado Bitcoin says customer funds and data are safe after the breach.
- Reports say funds from the hack are still moving, so the full impact is not yet clear.
What to watch next
Watch for an official update from Mercado Bitcoin on when deposits and withdrawals will resume and on any findings about the breach.
