SignalCrypto

Mercado Bitcoin, Brazil's largest crypto exchange, was hit by a $46M security breach. For the tape, it's custody and exchange risk again: trust shocks hit crypto sentiment faster than they hit revenue

$46 million security breach at Brazil's largest crypto exchange signals major industry security risk.

Context

What happened: Mercado Bitcoin, Brazil's largest crypto exchange, confirmed a security incident earlier Monday and paused withdrawals. Key numbers: $46 million security breach. Why it matters: The exchange paused withdrawals following the confirmed incident, affecting customer access to funds.

What changed

Mercado Bitcoin, Brazil's largest crypto exchange, confirmed a security incident earlier Monday and paused withdrawals.

Why it matters

The exchange paused withdrawals following the confirmed incident, affecting customer access to funds.

Sources

theblock