Brazil's Mercado Bitcoin Halts Withdrawals After $40 Million Drained Across 10 Chains
The Brazilian exchange suspended deposits and withdrawals after wallets on at least 10 blockchains were emptied of roughly $40 million in assets.
AfroEuropa Newsroom
AfroEuropa desk
Mercado Bitcoin, described as the leading cryptocurrency exchange in Brazil, has paused deposits and withdrawals after around $40 million in digital assets was drained from wallets spanning at least 10 blockchain networks, according to CoinDesk and BitKE.
The exchange halted customer transactions while it investigates the breach, which involved funds moving across multiple chains. BitKE reported that the attacker is believed to hold approximately 2,852 ETH, 106 BTC, 10,700 SOL, 6.7 million XLM and 77,000 AVAX, along with more than 200 other tokens.
Tether chief executive Paolo Ardoino confirmed that more than 4.5 million in USDT linked to the incident had been frozen, according to BitKE.
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