Mercado Bitcoin will restore reais deposits and withdrawals through Pix next week, more than 15 days after an attack drained an estimated $49 million from wallets linked to the exchange. Crypto deposits and withdrawals stay suspended with no return date.
Brazilian crypto exchange Mercado Bitcoin will resume deposits and withdrawals in reais via Pix next week, a company representative told Cointelegraph. The restart follows an attack that drained an estimated $49 million from wallets linked to the exchange.
Withdrawals limited to accounts in the customer's name
Customers will only be able to withdraw funds to accounts in their own name. The exchange will also credit accounts with proceeds from the settlement of fixed income products.
Crypto transfers are a different matter. Crypto deposits and withdrawals remain suspended, and the company has set no date for their return.
Access came back in stages
Mercado Bitcoin, one of Brazil's largest crypto exchanges, began restoring access on Monday, a week after the attack, by letting customers view their accounts in read-only mode. Customers who regain access land on a page that describes the exchange's security measures and regular audits since 2018.
Fabricio Tota, the vice president of new business, outlined the next phase in a recent video, but the exchange has yet to publish a rollout schedule on its website. The representative said "The resumption will proceed gradually", with additional services announced to clients in advance through official channels.
A second exchange breach in days
The Nov. 2 attack came four days after hackers stole about $6.3 billion in crypto from Binance's hot wallets in a separate breach. The FBI attributed the Binance theft to North Korean hackers, and Binance said it would cover the losses using its emergency fund and corporate treasury.
Source: Cointelegraph
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