The exchange said the incident did not affect customers or result in a data breach
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Tether CEO Paolo Ardoino confirmed that the stablecoin issuer had frozen more than 4.5 million USDT linked to the incident.
Key facts
- Mercado Bitcoin, Brazil's largest cryptocurrency exchange, confirmed Monday that it suffered a security incident involving approximately $46.3 million in assets, according to Arkham data
- Tether CEO Paolo Ardoino confirmed that the stablecoin issuer had frozen more than 4.5 million USDT linked to the incident
- On Saturday, hackers hijacked a dozen DeFi websites registered with Name.com and stole about $138,000
- Mercado Bitcoin's incident comes amid a string of security breaches and exploits across the crypto industry in recent days, following Thursday's $6 billion hack of Binance
Summary
Mercado Bitcoin, Brazil's largest cryptocurrency exchange, confirmed Monday that it suffered a security incident involving approximately $46.3 million in assets, according to Arkham data. "We identified and swiftly contained a security incident in one of our systems early this morning," the exchange said in a post on X. The exchange said the incident did not affect customers or result in a data breach. Meanwhile, Arkham analyst Emmett Gallic said the attacker was sweeping funds from older deposit addresses and selling memecoins and other altcoins.