Mercado Bitcoin Keeps Withdrawals Frozen After $40 Million Hack as Tether Freezes Linked USDT
Mercado Bitcoin, Brazil’s largest crypto exchange, has kept deposits and withdrawals suspended following a security incident that drained Brazil’s Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains.
across 10 chains, according to CoinDesk.
The exchange identified destination wallets that received bitcoin, ether and other assets tied to the incident and said customers suffered no losses, according to The Defiant. Mercado Bitcoin has not disclosed a total loss figure, per The Defiant.
Blockchain tracker Arkham said the attacker’s address cluster, grouping 36 addresses, now holds Arkham Says Mercado Bitcoin Attacker Holds $46 Million.
, according to The Defiant.
Tether said it froze more than Tether Says It Froze Over 4.5 Million USDT Tied to Mercado Bitcoin Incident.
USDT connected to the incident, a figure confirmed through blacklist actions recorded on the Ethereum and Tron networks, according to The Defiant and Decrypt.
Deposits and withdrawals at Mercado Bitcoin remain suspended as the exchange continues tracing the flow of funds, according to The Defiant.
Sources: The Defiant, CoinDesk, Decrypt
This article is for information only and is not financial advice.
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