Mercado Bitcoin Reports $36.3 Million Affected in Security Incident

Mercado Bitcoin said Tuesday that a security incident affected about $36.3 million in assets and that it had blocked or frozen $12.9 million as its platform remained offline. The Brazilian exchange said customer assets remain protected and account balances are intact. It identified the incident on Nov. 2, notified authorities and activated security and governance protocols. It will keep operations paused until it confirms service can safely resume. The incident involved hot wallets, which hold funds online for routine deposits and withdrawals. Most assets remain in cold wallets, which are stored offline.