Mercado Bitcoin halted withdrawals after draining across 10 chains
Original headlineMercado Bitcoin, 10 zincirdeki boşaltmanın ardından çekimleri durdurdu
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Brazil's largest crypto exchange, Mercado Bitcoin, halted withdrawals after a security breach drained funds across 10 blockchain networks, with estimated losses reported to exceed $40 million. Tether froze 4.5 million USDT tied to the incident. The exchange has not yet disclosed a full breakdown of affected assets or chains. The halt matters because Mercado Bitcoin is a major on-ramp for Brazilian retail and institutional users, and a prolonged freeze could pressure liquidity and confidence in the local market. What to watch next: Mercado Bitcoin's official loss tally and chain-by-chain asset breakdown, whether Tether freezes more stablecoin holdings, and when withdrawals resume.
Muhabbit's AI wrote this summary in its own words from Kripto Para Haber's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Mercado Bitcoin, Tether, USDT, Brazil