Brazil’s Mercado Bitcoin Halts Withdrawals After Estimated $46M Stolen

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has halted all deposits and withdrawals following a major security incident. Reports indicate that an estimated $40 million to $46 million in crypto assets were stolen across various chains, including Bitcoin and Ethereum. In response to the attack, Tether has frozen over 4.5 million USDT linked to the breach. The exchange remains under pressure as analysts continue to assess the total damages resulting from this security failure.