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Crypto · November 2, 2026

Brazil’s Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains

4 sources →

Mercado Bitcoin, Brazil's largest cryptocurrency exchange, suspended deposits and withdrawals on Monday, November 2, 2026, following a security breach across multiple blockchain networks. Mercado Bitcoin stated it has contained the incident, that customer funds remain safe, and that no user data was leaked. The company reportedly intends to absorb the losses, and Tether has already frozen over 4.5 million USDT associated with the attack. This incident follows a significant hack of Binance reported earlier in the period.

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Hype check

How the hype check works

Confirmed · 2

Backed by filings, on-chain data, official statements or several independent publishers.

  • Tether froze over 4.5 million USDT linked to the incident. (Decrypt)
  • The company suspended withdrawals and deposits on Monday. (Mercado Bitcoin)

Claimed · 2

Said by a company, project or person; not yet independently confirmed.

  • The company will absorb all losses from the hack. (Mercado Bitcoin)
  • No customer funds were lost and no data was leaked. (Mercado Bitcoin)

Speculation · 0

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • None identified.

Reported by multiple outlets

  • Mercado Bitcoin suspended deposits and withdrawals on Monday.
  • The suspension was triggered by a security incident.
  • The company stated that customer funds are safe and no user data was leaked.
  • Mercado Bitcoin identified and contained the incident.

Reported by only some outlets

  • Wallets on at least 10 chains were affected as reported by CoinDesk.
  • Tether froze more than 4.5 million USDT tied to the attack according to Decrypt.
  • Mercado Bitcoin published destination addresses for transactions involving Bitcoin and Ethereum as reported by Bitcoin Magazine.
  • Bloomberg and Bitcoin Magazine report the company will absorb all losses.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.