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Mercado Bitcoin Halts Withdrawals After $40 Million Hack
Original: Mercado Bitcoin Halts Withdrawals After $40 Million+ Hack
Brazilian cryptocurrency exchange Mercado Bitcoin has suspended customer withdrawals following a security breach involving losses estimated at more than $40 million. The exchange says it paused withdrawals while it investigates the incident and works to secure remaining funds. The breach adds to a string of large crypto exchange hacks this year, and users are demanding answers about the safety of their balances and when withdrawals will resume.
Why now: A major exchange freezing withdrawals leaves customers unable to access their funds, drawing immediate attention from crypto holders and regulators.
Evidence
- Mercado Bitcoin Halts Withdrawals After $40 Million+ Hack · Bitcoin Magazine
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