Mercado Bitcoin restores read-only account access following a $49 million hack, though the exchange remains silent on a timeline for resuming customer withdrawals.
One of Brazil's largest exchanges was drained of an estimated $49 million on Nov. 2, with 106.07 BTC still held in attacker-linked wallets as of Nov. 4. However, the exchange pledged on Nov. 4 to cover all losses with its own funds and a portion of the stolen funds was frozen, limiting spillover to the broader bitcoin price. No reopening timeline for withdrawals adds uncertainty but is contained to one platform.
Mercado Bitcoin has begun a phased restoration of read-only account access one week after a $49 million security breach. While the exchange confirmed it will cover all customer losses using its own capital and a $20 million investment from Tether, it has not provided a timeline for when withdrawals will resume.