Mercado Bitcoin Suspends Withdrawals After $40M in Suspcious Transfers

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more than $40 million in crypto assets moved to new addresses. The exchange says it contained the incident, with no customer harm or data breach reported. Tether froze $4.5 million in USDT linked to the incident, while the attacker’s identity and access method remain unknown. Mercado Bitcoin Halts Transactions Following Security Incident Brazilian cryptocurrency exchange Mercado Bitcoin has suspended deposits and withdrawals after unusual activity drained wallets associated with the platform across multiple blockchain networks. Security researchers estimate that more than $40 million in digital assets moved during the incident. The activity was reported across networks including Ethereum, Solana, Tron, Polygon, Arbitrum, Avalanche, BNB Chain and Stellar. According to information shared by crypto security researchers, the largest wave of transfers occurred within approximately 34 minutes, between 06...