Mercado Bitcoin will absorb $40M hack loss; no customer losses expected

Mercado Bitcoin will absorb a $40 million loss from a hack, the Brazilian crypto broker said, with no customer losses expected. The attack on Monday targeted its hot wallets.

In a text message, Mercado Bitcoin said it had quickly contained the attack. Its response also includes an investigation into the incident and efforts to track the stolen assets.

The exchange is working with authorities and relevant partners to coordinate that response. Mercado Bitcoin’s commitment to absorb the hack loss accompanies those investigative and asset-tracking efforts.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.