Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack

What happened: Mercado Bitcoin, described as Brazil's biggest bitcoin exchange, said it will refund users after a hack drained tens of millions of dollars. Withdrawals remain frozen with no restart date. Key numbers: $40 million hack; withdrawals frozen with no restart date. Why it matters: The exchange says customers will not bear the loss from the hack, while the continued withdrawal freeze leaves users unable to access funds.

Mercado Bitcoin, described as Brazil's biggest bitcoin exchange, said it will refund users after a hack drained tens of millions of dollars. Withdrawals remain frozen with no restart date.

The exchange says customers will not bear the loss from the hack, while the continued withdrawal freeze leaves users unable to access funds.