Mercado Bitcoin will absorb a $40 million loss from a hack, the Brazilian crypto broker said, with no customer losses expected. The attack on Monday targeted its hot wallets. In a text message, Mercado Bitcoin said it had quickly contained the attack. Its response also includes an investigation into the incident and efforts to track …
Mercado Bitcoin will absorb $40M hack loss; no customer losses expected
Mercado Bitcoin will absorb a $40 million loss from a hack, the Brazilian crypto broker said, with no customer losses expected. The attack on Monday targeted its hot wallets.
In a text message, Mercado Bitcoin said it had quickly contained the attack. Its response also includes an investigation into the incident and efforts to track the stolen assets.
The exchange is working with authorities and relevant partners to coordinate that response. Mercado Bitcoin’s commitment to absorb the hack loss accompanies those investigative and asset-tracking efforts.
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Finley Benson is a tech-savvy writer with a background in blockchain development, Finley explores the latest innovations in Web3, DeFi, and smart contract technologies. His articles blend technical depth with real-world applications.
