Hacking News
Mercado Bitcoin Refunds Users After $40 Million Hack
Brazil's largest cryptocurrency exchange, Mercado Bitcoin, has announced that users won't be charged for a hack that drained tens of millions of dollars. The exchange has frozen withdrawals and deposits, and has not yet determined the exact amount stolen. The exchange identified and contained the security incident early on November 2, and has not yet disclosed how the attackers gained access to the system. The exchange has not said whether its $38 million estimate includes the amount frozen by other parties, such as Tether, which froze more than $4.5 million in USDT tied to the incident.