Mercado Bitcoin halts transfers as Tether freezes over 4.5M USDT

Mercado Bitcoin suspended deposits and withdrawals after identifying a security incident in one of its systems on November 2. The Brazilian crypto exchange later published destination wallet addresses to help trace assets connected to the incident. Tether CEO Paolo Ardoino said the company froze over 4.5 million USDT connected to the case. It is amongst other security incidents concerning crypto services, including Binance and old BTCPay Server software users, in the last few days. Mercado Bitcoin publishes addresses to trace funds Mercado Bitcoin responded quickly after discovering the breach; they claim it occurred overnight and that customers were financially unaffected while no data was lost. They are investigating, tracking, and coordinating with the relevant authorities; deposits and withdrawals were stopped.

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