Mercado Bitcoin to Gradually Resume Platform From Nov. 9, Will Compensate With Own Funds

Nov. 5 — Brazilian crypto exchange Mercado Bitcoin said in a post on X that the platform will gradually resume in phases starting Nov. 9. The first phase will open website access, allowing users to view balances, statements, assets and investments; transfers, withdrawals and trading will reopen successively after each module passes final security verification. The exchange reiterated that customer assets will not suffer any losses and that it will use its own funds to compensate for the assets involved in this incident. In addition, through collaboration with Tether, Circle, Paxos, BRL1, Chainalysis and experts in the crypto community, more than $15 million in related assets have now been frozen, up from the $12.9 million the exchange previously said had been frozen.