Brazil’s Largest Crypto Exchange Mercado Bitcoin Hit by Possible $40M Hack

Mercado Bitcoin (MB), Brazil’s largest crypto exchange, has been hacked, according to multiple blockchain reports. The exchange itself confirmed the incident and has temporarily suspended deposits and withdrawals. Blockchain security firm Hypernative estimates $40 million in losses from the exchange’s wallets. This comes just days after the record $6 billion Binance hack . Here is the statement in full (translated from Portuguese): We identified and quickly contained a security incident in one of our systems overnight. We stress that: • There was no loss to clients; • There was no data leak. As a preventive protection measure, deposits and withdrawals are temporarily suspended. Our teams are mobilized investigating the case, tracing the assets and coordinating measures with the competent authorities. We will keep providing regular updates here.

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