Hacking News
Mercado Bitcoin Hit by $38M Security Breach
Brazil's largest crypto exchange, Mercado Bitcoin, suspended transfers after attackers drained its wallets, resulting in a $38 million security breach. The exchange suspended deposits and withdrawals on November 2, with Brazilian authorities notified. Tether and other partners froze more than $40 million in stolen assets, and the exchange revised the involved amount to about $36.3 million, with plans to reopen withdrawals on November 9.