Mercado Bitcoin’s frozen ledger rises to around $12.9 million, with the first outline of a phased recovery
First, to clarify the timing: this official update was posted at around 11:20 p.m. Beijing time last night. I missed the previous round, so this post catches up on this substantive development; it is not a new update from the early hours of today.
The security incident ledger at Brazilian exchange Mercado Bitcoin has moved again—and this time, in a better direction on two fronts. First, the loss estimate: the affected assets were revised down from the previously reported roughly $38 million to around $36.3 million, a decrease of about $1.7 million. Second, the frozen funds ledger: around $12.9 million has been blocked, up about $1.9 million from the previous figure of roughly $11 million. The share frozen has risen from around 29% to about 36%.
The third point is even more significant: for the first time, the exchange has given some shape to “how recovery will work.” It is developing a phased recovery plan, with each function undergoing security checks before being reopened in stages. Ahead of each phase, it will explain which services are available and what temporary restrictions apply. But note that this is still a “plan,” not a timeline. The platform and app remain suspended for now and will only reopen once a safe recovery has been confirmed. The exchange’s official statement that customer assets are protected and balances remain recorded on the books has not changed.
My take: the ledger moving in the right direction is real progress, but don’t mistake frozen funds for returned funds—freezing them only blocks access; they have not yet been returned to users. And by the exchange’s official figures, around $23.4 million has still not been blocked. One more note on keeping the figures straight: the roughly $48.5 million to $49 million previously cited by on-chain trackers is an estimate, and it is not the same ledger as the exchange’s official figure of around $36.3 million. Don’t conflate the two.
A quick note on the market: just before publication, two sources showed $BTC at approximately $77,870 and $ETH at approximately $2,290. The broader market is still hovering above around $77,620. The incident’s direct impact on the market has passed; the next thing to watch is whether the pace of recovery brings further disruption.
Risk reminder: the incident is still being handled, and the amount frozen may change. Until a recovery timeline is announced, don’t trust claims such as “pay to speed up recovery” or “official support will DM you about a refund.” The exchange has clearly stated that it will not contact users through these channels to ask for passwords or verification codes.
If recovery happens in phases, which service do you think makes the most sense to reopen first: withdrawals or trading? I’d choose withdrawals first. What about you?
#MercadoBitcoin #交易所安全 #BTC
First, to clarify the timing: this official update was posted at around 11:20 p.m. Beijing time last night. I missed the previous round, so this post catches up on this substantive development; it is not a new update from the early hours of today.
The security incident ledger at Brazilian exchange Mercado Bitcoin has moved again—and this time, in a better direction on two fronts. First, the loss estimate: the affected assets were revised down from the previously reported roughly $38 million to around $36.3 million, a decrease of about $1.7 million. Second, the frozen funds ledger: around $12.9 million has been blocked, up about $1.9 million from the previous figure of roughly $11 million. The share frozen has risen from around 29% to about 36%.
The third point is even more significant: for the first time, the exchange has given some shape to “how recovery will work.” It is developing a phased recovery plan, with each function undergoing security checks before being reopened in stages. Ahead of each phase, it will explain which services are available and what temporary restrictions apply. But note that this is still a “plan,” not a timeline. The platform and app remain suspended for now and will only reopen once a safe recovery has been confirmed. The exchange’s official statement that customer assets are protected and balances remain recorded on the books has not changed.
My take: the ledger moving in the right direction is real progress, but don’t mistake frozen funds for returned funds—freezing them only blocks access; they have not yet been returned to users. And by the exchange’s official figures, around $23.4 million has still not been blocked. One more note on keeping the figures straight: the roughly $48.5 million to $49 million previously cited by on-chain trackers is an estimate, and it is not the same ledger as the exchange’s official figure of around $36.3 million. Don’t conflate the two.
A quick note on the market: just before publication, two sources showed $BTC at approximately $77,870 and $ETH at approximately $2,290. The broader market is still hovering above around $77,620. The incident’s direct impact on the market has passed; the next thing to watch is whether the pace of recovery brings further disruption.
Risk reminder: the incident is still being handled, and the amount frozen may change. Until a recovery timeline is announced, don’t trust claims such as “pay to speed up recovery” or “official support will DM you about a refund.” The exchange has clearly stated that it will not contact users through these channels to ask for passwords or verification codes.
If recovery happens in phases, which service do you think makes the most sense to reopen first: withdrawals or trading? I’d choose withdrawals first. What about you?
#MercadoBitcoin #交易所安全 #BTC
