Mercado Bitcoin says phased reopening to begin Monday, will cover losses

Customers will initially be able to view their holdings, while withdrawals and trading remain suspended pending security checks.

Brazilian crypto exchange Mercado Bitcoin said it will begin restoring customer account access Monday after a hack that blockchain analysts estimated resulted in more than $46 million in stolen assets.

In a statement to Cointelegraph, Mercado Bitcoin said customers would initially regain access through its website to view balances, statements, holdings and investments. Transfers, withdrawals and trading will resume in later phases, subject to independent security testing.

Mercado Bitcoin also pledged to use company funds to replenish assets affected by the breach, saying more than $15 million in stolen funds had already been frozen with help from the industry.

Read more