Mercado Bitcoin Says $38M Hit, $11.2M in Assets Frozen

Mercado Bitcoin, one of Brazil's largest cryptocurrency exchanges, has suspended operations following a security breach involving approximately $38 million in digital assets, with $11.2 million already frozen as investigators trace suspicious transfers across multiple blockchains. The incident occurred on November 2, when attackers allegedly gained control of wallets associated with the exchange and transferred substantial cryptocurrency holdings to newly created addresses. Mercado Bitcoin initially suspended deposits and withdrawals before temporarily taking its platform offline.