Chainalysis Puts Mercado Bitcoin Hack at $49 Million Across 17 Chains
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Mercado Bitcoin, Brazil's largest cryptocurrency exchange, suffered a hack with losses of approximately $49 million across 17 blockchain networks, according to blockchain analytics firm Chainalysis. The exchange separately reported that $11 million in stolen funds has been blocked, while pledging that no customer assets will be lost. Access to Mercado Bitcoin's services remains suspended as the investigation continues. The discrepancy between the two figures suggests either that some stolen funds have been recovered or frozen, or that the full extent of the breach is still being assessed. The incident underscores persistent security risks for major exchanges despite industry improvements, and follows a year of escalating crypto thefts. Market participants should watch for updates on fund recovery efforts, the timeline for restoring services, and any disclosure of the attack vector.
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Mercado Bitcoin, Chainalysis