Brazilian crypto exchange Mercado Bitcoin said it will absorb losses tied to a hack and that customer assets remain protected. In a post on X, the exchange said it detected the security incident in the early hours of Nov. 2 in Brasilia time, which corresponded to early Nov. 3 in Beijing, and has since suspended deposits and withdrawals. Mercado Bitcoin said the assets involved are currently worth about $38 million. It also said it has worked with Tether, Circle, Paxos, Brazilian stablecoin BRL1 and Chainalysis to freeze roughly $11 million. The exchange added that no data leak occurred. Estimates of the stolen amount vary. Security firm Hypernative put the figure at more than $40 million, while Chainalysis said the total was about $49 million, with nearly $10 million frozen. Tether CEO Paolo Ardoino said more than 4.5 million USDT had been frozen. The developments were reported by Decrypt and summarized by Techub.
Brazilian crypto exchange Mercado Bitcoin said on X that it will cover losses caused by a hack and that customer assets are protected.
The exchange said it detected the security incident in the early hours of Nov. 2 in Brasilia time, corresponding to the early hours of Nov. 3 in Beijing, and has suspended deposits and withdrawals.
Mercado Bitcoin said the assets involved are currently valued at about $38 million. It also said it has worked with Tether, Circle, Paxos, Brazilian stablecoin BRL1 and Chainalysis to freeze about $11 million. The exchange added that no data leak occurred.
On the size of the theft, security firm Hypernative estimated the stolen amount at more than $40 million. Chainalysis put the figure at about $49 million, with nearly $10 million frozen. Tether CEO Paolo Ardoino said more than 4.5 million USDT had been frozen.
The developments were reported by Decrypt and summarized by Techub.
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