Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets
- On Monday, the Brazilian exchange Mercado Bitcoin halted deposits and withdrawals following a security incident, pledging to absorb losses from the nearly $40 million hack to protect client assets.
- Mercado Bitcoin identified about $38 million in assets involved in the breach, though security firm Hypernative estimated more than $40 million was drained from linked wallets.
- Working with industry partners including Tether, Circle, Paxos, BRL1, and Chainalysis, the exchange has already blocked $11 million in funds linked to the unauthorized transfers across multiple blockchain networks.
- Services remain suspended until security conditions are fully restored; the exchange assured clients they will not lose assets and will share resumption timing through official channels only.
- Opsek founder Pablo Sabbatella warned that recent industry hacks indicate security gaps, stating "if the industry really doesn't wake up," then "things are gonna get far worse.
20 Articles
20 Articles
Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets
Mercado Bitcoin said about $38 million in assets was involved in the security incident that led the Brazilian exchange to halt deposits and withdrawals on Monday, giving its own figure for the first time. In a Portuguese-language update posted at 6:17 p.m. ET Monday, the exchange said it had already blocked $11 million working with Tether, Circle, Paxos, BRL1 and Chainalysis. It added that more funds that could be blocked had been identified and…
Mercado Bitcoin Says It Will Absorb $40 Million Loss From Hack
Brazilian crypto broker Mercado Bitcoin said it would absorb a $40 million loss and that no customer losses were expected after a hack on Monday, the latest in a series of attacks on digital-asset platforms.
Mercado Bitcoin Vows to Cover Customer Losses After Massive Hack
Brazilian cryptocurrency exchange Mercado Bitcoin disclosed a major security incident on Nov. 2, 2026, involving approximately $38 million in digital assets. The attack presents a substantial financial and operational challenge for one of Latin America’s largest cryptocurrency platforms, with its response now drawing attention from customers, blockchain investigators, and the broader digital asset industry. Mercado […]
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
