Hot wallets at Mercado Bitcoin, one of Brazil’s largest exchanges, were drained of around $38–40 million, affecting at least 10 chains. The company said it would cover the losses in full and that users’ assets were unaffected. Tether, Circle, and Chainalysis jointly froze around $11 million in stolen funds. The platform was temporarily taken offline for an investigation, and no customer data was leaked.

Just a few days later, another hot wallet incident. This will always be a weak point. #CryptoSecurity