Mercado Bitcoin to bear $40M in hack losses, says customer funds are safe

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Brazilian cryptocurrency exchange Mercado Bitcoin suspended deposits and withdrawals after its systems were breached, saying that customer funds and data were not affected and that it would bear the losses itself. External analyses say the losses have exceeded $40 million, while another analyst estimates they have surpassed $46 million; Tether has frozen more than 4.5 million USDT. Mercado Bitcoin has not yet disclosed the exact loss amount or a timeline for resuming trading.