$49M: Mercado Bitcoin Hacked, $10M Frozen in Quick Response

Mercado Bitcoin faced a $49M hack, with $10M frozen through swift action. Here's why traders should be alert. Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, suffered a major security breach early this morning, resulting in an estimated loss of $49 million. According to a tweet from Chainalysis, the attack involved draining assets from 17 different blockchains. This incident not only highlights vulnerabilities in crypto exchange security but also the importance of rapid response in mitigating losses and preventing further asset movement.