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$46M Hack: Mercado Bitcoin Reopens Monday to Cover Losses

2026-11-05

Brazilian cryptocurrency exchange Mercado Bitcoin announced a phased restoration of account access set to start on Monday. The decision follows a security breach that blockchain analysts estimate resulted in more than $46 million in stolen crypto assets. The company stated that it will cover the financial losses suffered by affected users.

In the initial stage of the reopening, customers will only be permitted to view their account holdings. Trading functionality and asset withdrawals will remain suspended while technical teams conduct ongoing security checks. The exchange has not yet disclosed a date for when full trading services will resume.

The announcement arrived alongside broader crypto market updates published on Nov 4, 2026, by Felix Ng and edited by Yohan Yun. Market data at the time showed Bitcoin at $80,691.14, Ethereum at $2,429.80, and Solana at $95.75. Other recorded prices included XRP at $1.30 and Zcash at $1,296.48.

For traders holding open perpetual futures contracts on Bitget, Bybit, MEXC, or OKX, this breach at a regional spot exchange changes nothing directly. Local asset freezes and account suspensions on Mercado Bitcoin do not impact perpetual funding rates, trading fees, or liquidity depth on major international derivatives exchanges.

Source: cointelegraph — Mercado Bitcoin says phased reopening to begin Monday, will cover losses

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