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Brazil's Mercado Bitcoin Halts Withdrawals After $40 Million Drained Across 10 Chains
(2 hours ago) · 2 sources · Summarized by CryptoBipto
Mercado Bitcoin, one of Brazil's largest cryptocurrency exchanges, has halted withdrawals after approximately $40 million was reportedly drained across 10 different blockchain networks. The cause of the drain and whether it resulted from a hack, exploit, or other issue has not been fully confirmed. The exchange has paused withdrawals while it investigates the situation.
WHY IT MATTERS
When a cryptocurrency exchange halts withdrawals, it means users cannot move their funds off the platform.
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SOURCES
- coindesk.com
- decrypt.co
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