Mercado Bitcoin Suspends Deposits and Withdrawals After Security Incident

Technology · First reported 2 Nov, 15:53 · Updated 15:55

Image: Wikimedia Commons · Rekia1991 · CC BY-SA 4.0

Brazilian exchange Mercado Bitcoin paused deposits and withdrawals after detecting a security incident. It said customers lost no money and no data was leaked; Hypernative flagged more than $40 million in suspicious transfers, a figure the exchange has not confirmed. (094bdec1-a0df-4187-8b4d-23c26198d67c)

Mercado Bitcoin said it detected and contained a security incident and suspended deposits and withdrawals as a precaution; it reported no customer losses or data leak. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Hypernative flagged more than $40 million in suspicious transfers across at least 10 blockchains, but Mercado Bitcoin has not confirmed that estimate. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Tether CEO Paolo Ardoino said Tether froze more than 4.5 million USDT linked to the incident; Mercado Bitcoin has not given a date for restoring deposits and withdrawals. (094bdec1-a0df-4187-8b4d-23c26198d67c)

Summary written by Lux AI from 2 articles

Key facts

Exchange: Mercado Bitcoin, described by Decrypt as Brazil’s largest crypto exchange. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Suspension: Deposits and withdrawals were temporarily suspended; no resumption date was given. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Transfer estimate: Hypernative flagged more than $40 million in suspicious transfers across at least 10 blockchains; the exchange has not confirmed the figure. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Customer impact: The exchange said customers lost no money and no data leaked. (094bdec1-a0df-4187-8b4d-23c26198d67c)
Tether action: Tether’s CEO said the issuer froze more than 4.5 million USDT connected to the incident. (094bdec1-a0df-4187-8b4d-23c26198d67c)