Mercado Bitcoin suspended deposits and withdrawals following a $38M security breach; exchange has blocked $11M and guarantees no user fund losses.
Security & Exploits ·
Mercado Bitcoin has suspended deposits and withdrawals following a security breach involving approximately $38 million. The exchange has stated that users will not incur losses from the incident and has blocked $11 million in coordination with partners as part of ongoing recovery efforts to contain additional affected funds.
The breach represents one instance in a series of recent security incidents across centralized crypto platforms. Recovery operations are underway to identify and secure further amounts tied to the incident, though the full scope of compromised assets and the mechanism of the breach remain unclear from available disclosures.
The exchange indicated that service resumption will occur only once full security conditions are restored. The timeline for deposits and withdrawals to resume has not been specified, and details on whether the $11 million blocked represents the total recoverable amount or a partial figure are not yet established.