Other▼ Bearish

Mercado Bitcoin Pauses Transfers After $40M Hack; Tether Freezes 4.5M USDT

TradingGain Newsroom·1h ago·02 Nov 2026, 16:46 UTC

Mercado Bitcoin, one of Brazil's biggest crypto exchanges, has paused deposits and withdrawals following a security incident. Tether has frozen more than 4.5 million USDT linked to the attack. The event may shake confidence in exchange safety and in stablecoin transfers tied to hacked funds.

BTCAt the time of writing, Bitcoin traded at $77,467 (-0.83% in 24h).Live price →

Why it matters

Users cannot deposit or withdraw on the exchange while the pause is in place.
The reported hack involved about $40 million, which is a large loss for a single platform.
Tether's freeze shows stablecoin issuers can block funds connected to an attack.

What to watch next

Watch for the exchange's update on when deposits and withdrawals will reopen, and any further moves by Tether on the frozen funds.

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This brief is written by TradingGain from public reporting by Decrypt.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.