Brazil's Largest Exchange Mercado Bitcoin Halts Withdrawals After $40 Million Hack

What happened: Mercado Bitcoin, Brazil's largest crypto exchange, suspended deposits and withdrawals on Monday after identifying a security incident in one of its systems. Why it matters: Mercado Bitcoin has not disclosed how attackers got in or who is behind the incident, and it has not given a date for resuming deposits and withdrawals. It published destination addresses on five networks so others can track the funds on-chain. Coverage: 3 outlets in 24h

Mercado Bitcoin, Brazil's largest crypto exchange, suspended deposits and withdrawals on Monday after identifying a security incident in one of its systems.

Mercado Bitcoin has not disclosed how attackers got in or who is behind the incident, and it has not given a date for resuming deposits and withdrawals. It published destination addresses on five networks so others can track the funds on-chain.