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Brazil's Largest Bitcoin Exchange Pledges Refunds After $40 Million Hack
(3 hours ago) · 1 source · Summarized by CryptoBipto
Mercado Bitcoin, described as Brazil's biggest cryptocurrency exchange, has announced it will refund users affected by a $40 million hack. The exchange says it plans to make customers whole following the security breach.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, you are trusting that company to hold your funds safely, much like depositing money in a bank.
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SOURCES
- decrypt.co
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BTCExchange HackUser RefundsCrypto SecurityCentralized ExchangesBrazil
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