Mercado Bitcoin Freezes Deposits After Suspected $40M Hack
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Brazil's largest crypto exchange paused deposits and withdrawals after a dawn security scare. Monitors flagged about $40 million in odd transfers tied to a Mercado Bitcoin hack. The firm has not posted a loss total. Mercado Bitcoin said on Monday that it found and stopped a security incident overnight. It claimed no client losses and no data leak. As a safety step, it froze deposits and withdrawals. Staff are tracing assets and talking with authorities. Brazilian outlet Exame said security firm Hypernative linked exchange-linked wallets to more than $40 million in outflows. That is about R$217.7 million at then-current rates.
Source: Live Bitcoin News
