Other▼ Bearish

Mercado Bitcoin pauses deposits and withdrawals after $40M drained from wallets

TradingGain Newsroom·1h ago·02 Nov 2026, 15:53 UTC

Brazilian exchange Mercado Bitcoin has paused deposits and withdrawals after wallets on at least 10 blockchains were emptied, with about $40 million taken. The incident came only days after the $6.3 billion Binance hack. For traders, it is a fresh reminder that exchange security problems can hit confidence across the crypto market.

BTCAt the time of writing, Bitcoin traded at $77,452 (-0.64% in 24h).Live price →

Why it matters

About $40 million was drained from wallets across at least 10 chains.
Trading access on the exchange is paused, so users cannot deposit or withdraw for now.
It followed the $6.3 billion Binance hack within days, raising concern about exchange security.

What to watch next

Watch whether Mercado Bitcoin restores deposits and withdrawals and what it says about how the wallets were emptied.

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This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.