Mercado Bitcoin Restores Read-Only Account Access in Phases, Withdrawal Timeline Undetermined

Odaily: Brazilian crypto exchange Mercado Bitcoin on Monday began restoring read-only access to user accounts in phases, allowing users to view balances and holdings as of November 2. The exchange has not yet announced when withdrawals will resume, after attackers moved approximately $49 million in assets off the platform.

Fabricio Tota stated that nearly all assets were unaffected by the incident; some of the stolen funds were frozen within hours after the exchange announced the attack. Security analysts said the attackers moved funds through ordinary transfers rather than exploiting smart contract vulnerabilities. Mercado Bitcoin has not yet explained how the attackers gained wallet access.

In the next phase, users will need to confirm their platform registration information before they can move funds. Mercado Bitcoin plans to first restore Pix withdrawals and will only allow users to withdraw funds to accounts under their own names; the specific timeline has not yet been announced. (Cointelegraph)