Brazil’s Mercado Bitcoin Puts Security Incident at $38 Million, Says Clients Won’t Lose Assets

The Brazilian exchange said it has already blocked $11 million with partners including Tether and Circle, and that deposits and withdrawals stay suspended until security is fully restored. Mercado Bitcoin said about $38 million in assets was involved in the security incident that led the Brazilian exchange to halt deposits and withdrawals on Monday, giving its own figure for the first time. In a Portuguese-language update posted at 6:17 p.m. ET Monday, the exchange said it had already blocked $11 million working with Tether, Circle, Paxos, BRL1 and Chainalysis .