Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack
Summary
Mercado Bitcoin said it will cover customer losses after a November 2 security breach and suspended deposits and withdrawals. The exchange estimates about $38 million in assets were involved and says partners helped block $11 million; outside trackers estimate losses of roughly $40 million to $49 million. Tether froze more than $4.5 million in related USDT. The exchange has not disclosed how attackers gained access, and services remain suspended without a restart date. Customer balances are said to be intact, but the promise to absorb losses cannot be independently verified.
