Brazil’s Largest Crypto Exchange Hit by Cyberattack as Losses Top $45M

Brazil’s largest digital asset exchange, Mercado, suffered a cyberattack that drained more than $45 million, adding to a string of crypto attacks in 30 days. Blockchain reporters have warned that repeated hacks hurt sentiment, regardless of which platforms cover the losses. Mercado Takes Swift Action To Protect Users Blockchain security firms confirmed the attack, sparking fresh debates on the state of digital assets amid advanced bad actors’ tools. Initial research placed losses at $40 million, before Arkham Intelligence analyst Emmett Gallic reported an additional $5 million.