Mercado Bitcoin says phased reopening to begin Monday, will cover losses
Summary
Brazilian exchange Mercado Bitcoin plans to restore customer access on Monday, initially allowing users to view balances and holdings. Trading, transfers and withdrawals will return in later phases after independent security testing. Blockchain analysts estimated the hot-wallet and deposit-address breach caused more than $46 million in losses. The exchange says it will use company funds to replenish affected assets and that more than $15 million has been frozen with industry support. It is preparing to repurchase assets and says its liquidity is supported by a strong cash position and a $20 million investment from Tether.
