Mercado Bitcoin Restores Read-Only Access on November 9, But $48.6M Hack Leaves Withdrawals Frozen

According to blockchain analytics firm Bitquery, Mercado Bitcoin restored customer account access in read-only mode on November 9, one week after a security breach drained an estimated $48.6 million across multiple blockchains. Users can now view balances and holdings, but trading, deposits and withdrawals remain unavailable. The exchange said each platform component is undergoing security validation before transactional services resume.

Mercado Bitcoin reports that more than 33% of the diverted assets have been blocked through cooperation with Tether, Circle, Paxos, Stellar and blockchain investigators. The company said the unrecovered portion represents approximately 3% of total custodied assets.

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