TechThe Block1h ago
Brazil's largest crypto exchange Mercado Bitcoin halts withdrawals
Brazil's largest crypto exchange Mercado Bitcoin halts withdrawals after a breach involving $46M+ in assets, per Arkham; Tether froze 4.5M+ USDT in response
TL;DRMajor Brazilian crypto exchange hacked for $46M; Tether froze stolen funds.
Why it matters: Shows systemic exchange risks and that stablecoin issuers can reverse transactions—undermining crypto's censorship-resistant narrative.
The exchange paused deposits and withdrawals after the incident, while Tether froze more than 4.5 million USDT linked to the attacker.
Read full articleSource: The Block · Opens in new tab