Mercado Bitcoin, Brazil's largest crypto exchange, suffered a $46 million security breach; the exchange paused deposits and withdrawals while Tether froze $4.5M USDT tied to the attacker.
Security & Exploits ·
Mercado Bitcoin, identified as Brazil's largest crypto exchange, experienced a security breach resulting in $46 million in losses. Following the incident, the exchange halted deposits and withdrawals. In response to the attack, Tether froze more than $4.5 million USDT that was linked to the attacker's wallet or account.
The exchange has stated that the breach is contained and that no customer funds were lost in the incident. This claim suggests the $46 million loss may have originated from the exchange's own operational reserves or insurance mechanisms rather than customer deposits, though specifics on the breach's origin remain unclear.
Details about how the attack was executed, whether any user accounts were compromised, and the timeline for restoring full platform functionality have not been disclosed in available reporting. The exchange's current status regarding the resumption of normal operations remains unconfirmed.