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Mercado Bitcoin Reports $38 Million Security Breach, Says User Funds Are Safe
(4 hours ago) · 1 source · Summarized by CryptoBipto
Brazilian cryptocurrency exchange Mercado Bitcoin experienced a security breach resulting in approximately $38 million in losses. The exchange has assured its users that their funds will not be affected by the incident.
WHY IT MATTERS
When you store cryptocurrency on an exchange, the exchange holds your funds for you, similar to how a bank holds your money.
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SOURCES
- cryptopotato.com
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