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[TECHNOLOGY] · Brazil · 44 sources

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Mercado Bitcoin suspends operations after security breach

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has temporarily suspended all deposits and withdrawals following a security incident identified on November 2. The exchange reported that it identified and contained the breach in one of its systems and assured customers that no user data was leaked and no customer funds were lost.

Blockchain security researchers and analytics firms have provided varying estimates of the financial impact. Hypernative reported suspicious movements exceeding US$ 40 million across at least ten blockchain networks, including Bitcoin, Ethereum, Solana, and Tron. Other analysts estimated the total value of transfers at approximately US$ 46 million to US$ 49 million. Mercado Bitcoin later stated that approximately US$ 38 million in assets were involved in the incident and that it had successfully blocked US$ 11.2 million in coordination with partners including Tether, Circle, Paxos, and Chainalysis.

The attacker reportedly moved assets through a phased operation, targeting hot wallets and customer deposit addresses. Tether CEO Paolo Ardoino confirmed that the company froze over US$ 4.5 million in USDT tied to the incident. Mercado Bitcoin has stated it plans to cover any resulting losses from its own funds. The exchange is currently working with authorities and security specialists to investigate the breach and determine how the attacker obtained the ability to sign transactions.

Entities

Bitcoin · Brazil · Chainalysis · Circle · Ethereum · Hypernative · Mercado Bitcoin · Paolo Ardoino · Tether

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