Brazil’s Largest Crypto Exchange Goes Offline After $49,000,000 Hack

Brazil’s largest crypto exchange has taken its platform offline after a security incident involving about $49 million in crypto assets. Mercado Bitcoin says no clients lost money and no data leaked, and that it has already blocked $11.2 million of the assets with help from partners including Tether, Circle, BRL1, Paxos and Chainalysis, reports Valor Econômico. Says the exchange in a post on X, “We identified and swiftly contained a security incident in one of our systems early this morning.” The exchange first paused deposits and withdrawals while its teams investigate, track the assets and work with authorities.