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Brazil’s top exchange Mercado Bitcoin freezes deposits and withdrawals after security incident

Brazil’s top exchange Mercado Bitcoin freezes deposits and withdrawals after security incident

Brazil's largest crypto exchange confirmed a security incident as Hypernative flagged multi-chain outflows from linked wallets

Mercado Bitcoin has temporarily suspended deposits and withdrawals after detecting a security incident in one of its systems, the top Brazilian exchange disclosed Monday.

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The company said it swiftly contained the issue and that the incident had caused no customer losses or data breach. Its teams are investigating the case, tracking the assets and working with the relevant authorities.

Founded in São Paulo in 2013, Mercado Bitcoin has grown into one of Brazil’s largest digital asset platforms, with more than 4.8 million clients.

Tether invested $20 million in the company through a strategic growth financing round announced in July, which is expected to accelerate Mercado Bitcoin’s development of payments infrastructure, tokenized investment products, lending and credit services, on-chain capital markets, strategic partnerships and international operations.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

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