WirecompaniesDextape brief
Brazil’s Largest Crypto Exchange Goes Offline After $49,000,000 Hack
Mercado Bitcoin says about $49 million in assets were involved and $11.2 million has been blocked.
Dextape brief
Mercado Bitcoin, Brazil's biggest crypto exchange, has halted its services following a security breach involving roughly $49 million in digital assets. According to Valor Econômico, the company said no customers lost funds and no data was exposed. Roughly $11.2 million has been blocked so far, with partners such as Tether and Circle assisting. Deposits and withdrawals were initially paused, and wallet addresses linked to the breach were later shared to aid tracking. Ardoino, Tether's chief executive, stated that the stablecoin firm has immobilized over 4.5 million USDT connected to the hack. The platform stays offline until it can restart safely, with a timeline promised on official channels. Customers were also cautioned about fraud, as the firm notes it never asks for passwords, one-time codes or seed phrases.
Why it matters: The incident shows how stablecoin freezes and wallet tracking are being used to respond to exchange hacks, with customer funds reported safe.
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