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Mercado Bitcoin halts withdrawals after $40 million theft

Original: Brazil’s Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains

Brazilian cryptocurrency exchange Mercado Bitcoin has suspended customer withdrawals after roughly $40 million was drained from its platforms across 10 blockchains. The exchange is one of Latin America's largest crypto firms, and the multi-chain breach suggests an attack on its infrastructure rather than a single token. Crypto observers are watching for updates on how the funds were taken and whether customers will be made whole.

Why now: A major Brazilian exchange suspending withdrawals after a large multi-chain theft raises concerns about crypto security and customer funds.

Mercado BitcoinBrazilCoinDesk

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