Mercado Bitcoin is reopening after a hack without a timeline for withdrawals. Reopening without an exit path is not a recovery, it is a liquidity-confidence test. Analysts see no broader contagion fro

What happened: Mercado Bitcoin began restoring read-only account access in phases on Monday, a week after attackers drained an estimated $49 million from the platform. The exchange has not said when withdrawals will resume. Key numbers: Estimated $49 million stolen. Access from 19:00 UTC, all accounts viewable by 21:00 UTC. Why it matters: Mercado Bitcoin says it is using its own funds to replace stolen assets and that customers will not bear the losses. Vice president Fabricio Tota said the company chose a more conservative approach to reactivation to ensure security.

Mercado Bitcoin began restoring read-only account access in phases on Monday, a week after attackers drained an estimated $49 million from the platform. The exchange has not said when withdrawals will resume.

Mercado Bitcoin says it is using its own funds to replace stolen assets and that customers will not bear the losses. Vice president Fabricio Tota said the company chose a more conservative approach to reactivation to ensure security.