Crypto Exchange Mercado Bitcoin Halts Withdrawals

The Brazilian digital currency exchange Mercado Bitcoin has announced the suspension of customer deposits and withdrawals, reported CoinDesk and The Defiant. The move follows the emptying of the firm's digital wallets, which were spread across at least ten different blockchain networks. According to reports, the stolen assets are estimated to be worth approximately $40 million.

The incident comes just days after a massive hack targeted the exchange Binance, resulting in the theft of $6.3 billion. At this stage, the company is working to identify the compromised wallets and secure its remaining systems. Further details have not yet been released.