BLOOMBERG · 2026-11-02 15:56 UTC

Mercado Bitcoin Says It Will Absorb $40 Million Loss From Hack

Mercado Bitcoin, a Brazilian crypto broker, suffered a $40 million hack on Monday targeting hot wallets; the company will absorb the loss with no customer losses expected. The exchange temporarily suspended its app as a protective measure and said no customer data was leaked; it is investigating and coordinating with authorities. The attack follows Binance's $6.4 billion exploit attributed to North Korean hackers, which triggered $4.7 billion in net withdrawals before the platform restored customer access.

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