CRYPTO CRIME | The Largest Crypto Exchange in Brazil Gets Hacked

The leading Brazilian cryptocurrency exchange, Mercado Bitcoin, has suspended withdrawals after approximately $40 million in digital assets were drained across 10 blockchain networks, according to latest reports. The exchange halted withdrawals as it investigates the incident which involved assets moving across multiple blockchains, highlighting the challenges of containing security breaches in an interconnected crypto ecosystem. The attacker reportedly holds roughly 2,852 ETH, 106 BTC, 10,700 SOL, 6.7 million XLM and 77,000 AVAX, plus more than 200 other tokens, reports claims. Tether CEO, Paolo Ardoino, confirmed the freeze of over 4.5 million in USDT from the hack.