BTC $77,695.00 ▲ 1.28% ETH $2,282.69 ▲ 1.48% BNB $699.97 ▲ 0.29% XRP $1.28 ▲ 2.58% SOL $93.18 ▲ 1.47% TRX $0.3214 ▲ 0.77% FIGR_HELOC $1.03 ▼ 0.19% ZEC $1,230.67 ▲ 8.64% HYPE $85.45 ▲ 1.83% XMR $630.92 ▲ 4.10% DOGE $0.0754 ▲ 1.67% WBT $74.66 ▲ 1.25% LEO $9.30 ▼ 1.09% LINK $11.06 ▼ 0.39%
26 Fear
Hacks & Security BTC +1.3% USDT +0.0% TetherCircleChainalysis Bearish

Mercado Bitcoin reports $38 million breach but says users keep funds

CryptoVideos brief
Built from 2 sources 1 min read Main editor: Earl Jacobson
Mercado Bitcoin reports $38 million breach but says users keep funds Image: Unchained
Image via Unchained.

Brazilian exchange Mercado Bitcoin disclosed a security incident involving roughly $38 million in assets. The platform halted deposits and withdrawals and blocked $11 million with Tether, Circle, Paxos, BRL1 and Chainalysis. It assured clients that no funds were lost and that services will resume once security conditions are restored. Security firm Hypernative estimated over $40 million moved from wallets linked to the exchange.

Key points

  1. The exchange blocked $11 million in coordination with Tether, Circle, Paxos, BRL1 and Chainalysis.
  2. It suspended deposits and withdrawals and will resume services after security conditions are met.
  3. The company assured clients that no customer funds were lost.
  4. Security firm Hypernative estimated more than $40 million moved from wallets tied to the exchange.

Why it matters

The assurance of no loss aims to protect user confidence, while the halted services and ongoing containment may affect trading activity on the platform.

What's unclear

The exchange has not disclosed how the incident occurred.
Hypernative said it remains unclear how the attacker obtained the ability to sign the transactions.

Price context · BTC

At publication
$77,728.00
Now
$77,695.00
Change since
−0.04%
7 days · dashed line = publication

Sources · 2 publishers

Unchained Tier 1 First report
Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets
CryptoPotato Tier 2
Mercado Bitcoin Assures Users Won’t Lose Funds Following $38M Security Breach

Coverage timeline

  1. First reported by Unchained
  2. Also reported by CryptoPotato
  3. CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

Related videos

Related briefs

Mercado Bitcoin halts transactions after $46 million hack and ongoing fund moves
Hacks & Security

Mercado Bitcoin halts transactions after $46 million hack and ongoing fund moves

2 sources
Crypto exchange-traded funds face persistent outflows and shifting market volume
Hacks & Security

Crypto exchange-traded funds face persistent outflows and shifting market volume

3 sources
CFTC approves first equity perpetual futures on U.S. regulated exchanges
Regulation

CFTC approves first equity perpetual futures on U.S. regulated exchanges

2 sources