Hacking News
Mercado Bitcoin Hacked, Resuming Cash Withdrawals
Mercado Bitcoin, a major Brazilian crypto exchange, will resume deposits and withdrawals in Brazilian reais via Pix, the country's instant payment system, next week. The exchange will only allow withdrawals to customers' own accounts and will credit customers' accounts with proceeds from the settlement of fixed income products. Crypto deposits and withdrawals remain suspended. The exchange began restoring access to customers' accounts in read-only mode a week after a $49 million hack in September, which was attributed to North Korean hackers. The exchange will proceed with the resumption of cash withdrawals gradually, with updates communicated in advance.