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Cryptocurrency

Mercado Bitcoin Freezes Withdrawals Following Security Incident

Brazilian cryptocurrency exchange Mercado Bitcoin has halted all deposits and withdrawals following a security breach detected on November 2. While the company claims no user data was exposed and customer funds remain secure, the platform has yet to provide a timeline for restoring full functionality to its users.

Mercado Bitcoin Freezes Withdrawals Following Security Incident

Security teams are currently investigating the specific system compromise, working alongside authorities to track assets and ensure the integrity of the platform. Although the exchange characterized the suspension as a precautionary measure, it has remained silent on whether any assets were successfully moved or if specific wallets were targeted during the event.

This disruption arrives during a volatile week for the global crypto sector. Industry leaders are grappling with the aftermath of a massive breach at Binance, which saw unauthorized transfers totaling billions, alongside emergency security alerts from the Aave protocol and vulnerabilities identified within BTCPay Server installations. Mercado Bitcoin continues to monitor the situation, promising updates as the internal forensic review progresses.

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