Tether Freezes Over 4.5 Million USDT Linked to Mercado Bitcoin Security Incident
Original headlineTether 冻结超 450 万枚涉 Mercado Bitcoin 安全事件的 USDT
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Tether has frozen more than 4.5 million USDT linked to a security incident at Brazilian crypto exchange Mercado Bitcoin, according to an announcement by Tether CEO Paolo Ardoino on November 2. Mercado Bitcoin said one of its systems was compromised but stated that customers did not suffer losses and no data was leaked. As a precaution, the platform has temporarily suspended deposits and withdrawals. The freeze demonstrates Tether's ongoing practice of blacklisting tokens tied to exchange breaches and exploits. Market participants should watch for updates on the exchange's investigation, the timeline for restoring deposit and withdrawal services, and whether additional funds tied to the incident are frozen.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Mercado Bitcoin, Tether, USDT, Paolo Ardoino