Mercado Bitcoin Promises Complete User Coverage Post $40M Multi-Chain Exploit

TL;DR Hack Impact: Mercado Bitcoin reported a loss of about $38 million after attackers drained hot wallets across at least 10 blockchains. Recovery Efforts: Roughly $11 million has been frozen with assistance from Tether, Circle, and Chainalysis, and investigations remain active. Customer Protection: The exchange says no customer data was compromised and has pledged to fully cover losses so users are not financially affected. Brazilian crypto exchange Mercado Bitcoin says customers will not bear losses following a major security incident that targeted the platform’s hot wallets across multiple blockchains. The attack, which occurred on Monday, initially appeared to involve more than $40 million in stolen assets.

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