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Brazil's Mercado Bitcoin Freezes Deposits and Withdrawals After Security Incident
(2 hours ago) · 1 source · Summarized by CryptoBipto
Mercado Bitcoin, one of Brazil's largest cryptocurrency exchanges, has frozen deposits and withdrawals following an ongoing security incident. Losses from the incident are estimated at approximately $40 million.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, you are trusting that company to hold your funds safely — similar to keeping money in a bank.
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SOURCES
- bitcoinmagazine.com
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Exchange SecurityMercado BitcoinFund FreezesLatin America CryptoCustody Risk
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