Brazil's Mercado Bitcoin pauses deposits and withdrawals after $46M theft
Brazilian exchange Mercado Bitcoin has paused deposits and withdrawals after a security breach. The company says customer funds and data are safe, but wallet activity shows transfers made after the hack. Traders may watch for signs of how the exchange handles security and when services return.
Why it matters
- Brazilian exchange Mercado Bitcoin was hit by a $46M theft after a security breach.
- Paused deposits and withdrawals can limit how quickly traders move funds in and out.
- The company says customer funds and data are safe, which may ease some concerns.
What to watch next
Watch for whether Mercado Bitcoin restarts deposits and withdrawals, and for any update on the post-hack transfers seen in its wallets.
