Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has pledged to cover the losses from the November 2 hack of its systems. The exchange values the affected assets at about $38 million, while estimates from Hypernative, Arkham and Chainalysis range from more than $40 million to $49 million. About $11 million has already been blocked, including more than $4.5 million in USDT frozen by Tether. The exchange says no customers lost money and no data was leaked, but deposits and withdrawals remain suspended with no restart date.
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