Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets

Mercado Bitcoin said about $38 million in assets was involved in the security incident that led the Brazilian exchange to halt deposits and withdrawals on Monday, giving its own figure for the first time. In a Portuguese-language update posted at 6:17 p.m. ET Monday, the exchange said it had already blocked $11 million working with Tether, Circle, Paxos, BRL1 and Chainalysis . It added that more funds that could be blocked had been identified and that containment was ongoing. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . No Client Losses, Exchange Says In the first post of the evening thread, the exchange in Unchained’s translation told clients “you will not suffer any loss of assets” as a result of the incident.

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