Brazil’s Mercado Bitcoin reports security incident, freezes withdrawals

Brazilian cryptocurrency exchange Mercado Bitcoin has temporarily suspended deposits and withdrawals after identifying a security incident in one of its systems on November 2. Summary Mercado Bitcoin has temporarily suspended cryptocurrency deposits and withdrawals after detecting and containing a security incident in one of its systems on November 2. The Brazilian exchange said customers had suffered no harm and no data breach had occurred, although it did not disclose which system was affected or whether any assets were stolen. Security teams are investigating the incident, tracking assets and coordinating with authorities, while the exchange has yet to announce when deposits and withdrawals will resume. The incident follows a series of security breaches across the crypto industry over the past week, including the October 29 Binance hack and subsequent restrictions across Aave markets. In an official statement, the exchange said it detected the incident early Monday morning and quickly contained it, assuring customers that their funds were not affected and that no data breach had occurred. The company did not disclose which system was compromised or provide an estimate of the ass...