Summary
- Mercado Bitcoin halted both deposits and withdrawals after wallets spread across a minimum of 10 blockchains were emptied, with cybersecurity analysts calculating damages at $40 million or higher.
- The trading platform maintained that it successfully localized the breach, that user funds remain untouched, and that no confidential information was exposed. The exact method by which the perpetrator gained signature permissions remains unclear.
- No specific entity has been accused, and currently, there is no public proof connecting this breach to the Binance exploit, which the FBI linked to North Korea-associated TraderTraitor.
Brazilian digital asset platform Mercado Bitcoin temporarily halted incoming and outgoing transactions on Monday after hot and cold wallets connected to the exchange were cleared out over a minimum of 10 distinct blockchains. Cybersecurity analysts calculate total damages exceeding $40 million.
This security breach follows closely behind an incident where North Korea’s TraderTraitor cybercrime syndicate, Originally published at https://www.coindesk.com/business/2026/11/02/brazil-s-mercado-bitcoin-halts-withdrawals-after-usd40-million-drained-across-10-chains.
Related Posts
