Mercado Bitcoin halts withdrawals after wallets are drained
In short
Brazil’s Mercado Bitcoin stopped deposits and withdrawals after wallets on at least 10 chains were emptied. The report says this happened days after the $6.3 billion Binance hack.
The exchange’s customers cannot move money in or out for now. It is not yet clear who was behind the drains or whether the two events are linked.
What the reporting says
Brazil’s Mercado Bitcoin paused deposits and withdrawals after wallets on at least 10 chains were emptied, according to a CoinDesk summary. The reported move came days after the $6.3 billion Binance hack, but the source does not say whether the incidents are connected. The immediate effect is restricted customer transfers, while the amount recovered and cause of the drains were not stated.
Why it matters
Mercado Bitcoin halted deposits and withdrawals after wallets on at least 10 chains were emptied, based on the available CoinDesk summary. The timing follows the reported $6.3 billion Binance hack, but the source does not establish a connection between the two incidents. The main effect is a disruption to exchange users, while the cause, recovery prospects, and total impact remain unknown.