Brazil’s Mercado Bitcoin Hit by ~$40M Hack, Withdrawals Frozen
Brazil’s largest crypto exchange Mercado Bitcoin just confirmed a ~$40M hack, with deposits and withdrawals paused indefinitely.
The hack was first flagged by multiple blockchain security firms, with Hypernative estimating the total loss at $40M from the exchange’s hot wallets. This is the second major exchange hack in under a week, coming just days after Binance’s record $6B security breach. $BTC is currently trading at $77,980, down just 0.06% in the last 24 hours, showing minimal immediate reaction to the news so far.
For $BTC traders, the invalidation level for short positions sits at $78,200; don’t chase downside until that level breaks, exit immediately if it reclaims.
#Write2Earn #BinanceSquare #BTC #ExchangeSecurity #TradingTournament
Brazil’s largest crypto exchange Mercado Bitcoin just confirmed a ~$40M hack, with deposits and withdrawals paused indefinitely.
The hack was first flagged by multiple blockchain security firms, with Hypernative estimating the total loss at $40M from the exchange’s hot wallets. This is the second major exchange hack in under a week, coming just days after Binance’s record $6B security breach. $BTC is currently trading at $77,980, down just 0.06% in the last 24 hours, showing minimal immediate reaction to the news so far.
For $BTC traders, the invalidation level for short positions sits at $78,200; don’t chase downside until that level breaks, exit immediately if it reclaims.
#Write2Earn #BinanceSquare #BTC #ExchangeSecurity #TradingTournament
