Ripple Partner Mercado Suspends Withdrawals After Confirming 'Security Incident'

Leading Brazilian cryptocurrency exchange and Ripple blockchain payments partner Mercado Bitcoin has announced a temporary freeze on cryptocurrency deposits and withdrawals after acknowledging a security breach. As the firm revealed in an official announcement, the security breach did not cause any harm to its users or compromise their personal data. “We detected and quickly mitigated a security issue in one of our systems this morning,” Mercado Bitcoin said. Mercado Bitcoin stressed that the incident did not harm any customers or lead to a data breach. Nevertheless, as a precautionary measure, the firm decided to temporarily halt deposits and withdrawals while its security teams conduct further investigations into the issue and try to locate any assets that could have been affected.

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