Brazil's Mercado Bitcoin Discloses Security Incident Update: $11 million Frozen

November 3 - Brazilian cryptocurrency trading platform Mercado Bitcoin announced that a security incident was detected on the platform in the early hours of today, and security protocols have been activated with service access temporarily suspended. The platform assures that customers will not lose any assets due to this incident. Currently, approximately $38 million in assets are involved. Through rapid collaboration with the crypto community and strategic partners including Tether, Circle, Paxos, BRL1, and Chainalysis, $11 million has been frozen, and containment efforts are ongoing. Services will be restored once sufficient security conditions are met, and the relevant timeline will only be announced through official channels.