Brazilian crypto exchange Mercado Bitcoin provides update on security incident: $11 million in funds frozen
1 hours ago
Brazilian cryptocurrency exchange Mercado Bitcoin announced in a post that it detected a security incident on its platform in the early hours of today, has activated security protocols and temporarily suspended service access. The platform guarantees customers will not lose any assets as a result of the incident. The total assets involved are approximately $38 million. Following rapid collaboration with the crypto community and strategic partners including Tether, Circle, Paxos, BRL1 and Chainalysis, $11 million has been frozen, and containment operations are ongoing. Services will be restored once sufficient security conditions are in place, with the relevant timeline announced exclusively via official channels.
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