COINDESK · 2026-11-03 08:56 UTC

Mercado Bitcoin pledges to cover all user losses after near $40 million hack

Mercado Bitcoin suffered a $38 million hack affecting hot wallets across 10+ blockchains; the exchange pledges to cover all losses. About $11 million of stolen funds have been frozen with help from Tether, Circle, and Chainalysis; no customer data was leaked. The breach follows Binance's $6 billion hack attributed to North Korea's TraderTraitor group.

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