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Brazil’s Biggest Exchange, Drained

Mercado Bitcoin Hit for ~$46M by Tracker Estimates — the Freeze Playbook Deploys for the Second Time in Six Days

Verified · 3 Nov 2026Institutional TransitionNov 3, 2026

Mercado Bitcoin, Brazil’s largest exchange, confirmed a security incident it says was contained the same morning, with no customer impact claimed; blockchain trackers put the drained assets near $46.3M (Arkham), swept from older deposit addresses. Deposits and withdrawals were suspended as a precaution. Tether froze over 4.5M USDT linked to the incident, per CEO Paolo Ardoino; Synthetix governance reportedly moved 428,000 stolen SNX to a protocol DAO address, per a single outlet.

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