Mercado Bitcoin, Brazil's largest crypto exchange, suspended deposits and withdrawals on Monday, November 2, 2026, after a security incident in one of its systems overnight. Its statement on X was short: the incident was identified and quickly contained, no customers were harmed, no data leaked. As a precaution, deposits and withdrawals stay suspended while its teams investigate, trace the assets, and coordinate with authorities.
The numbers circulating outside that statement are larger than anything the exchange has admitted. Security firm Hypernative flagged more than $40 million in suspicious transfers from wallets it attributes to Mercado Bitcoin, spread across at least 10 blockchains including Bitcoin, Ethereum, Solana, and Tron. Arkham analyst Emmett Gallic put the running tally above $46 million by Monday morning US time. Mercado Bitcoin has confirmed neither figure as its loss.
The money moved like ordinary transfers
According to findings shared by Opsek founder Pablo Sabbatella, most of the money moved in a 34-minute window, from about 06:19 to 06:53 UTC. Sweeps of the exchange's bitcoin deposit addresses to the same attacker had started earlier, around 02:15 UTC. Hypernative described the outflows as plain transfers, not a smart contract exploit, and said it was still unclear how the attacker gained signing access.
The attacker's estimated haul: about 2,852 ETH, 106 BTC, 10,700 SOL, and 6.7 million XLM, plus more than 200 other tokens in fresh addresses. Mercado Bitcoin later published destination addresses it had identified across EVM networks, Bitcoin, Solana, Stellar, and Tron. The bitcoin address it named received about 106.07 BTC in seven transactions on November 2. Tether, meanwhile, froze more than 4.5 million USDT tied to the incident.
What is still unanswered
Three things are still missing. The exchange has not named the compromised system, has not given a reopening date, and has not said whose funds moved. So the "no harm to customers" line should be read for what it is: an assurance about customers, not confirmation that no exchange assets left. While withdrawals stay suspended, customers still cannot move their funds out, whatever the loss turns out to be.
Also missing: any public evidence linking this incident to last week's $6.3 billion Binance hack. The timing is close enough to put the market on edge, but closeness in time is not proof of a connection. The full Binance hack story and its first-day outflows are in our first-day outflows article. A different third-party route into a platform, through a site script, is in our Polymarket article. And as always after an incident like this, ignore any "refund" or "claim" page that does not come from Mercado Bitcoin's own channels.
Sources: Mercado Bitcoin statement on X (Nov 2, 2026), Decrypt (Nov 2, 2026), Unchained (Nov 2, 2026), Bitcoin.com (Nov 2, 2026). Figures are snapshots at writing time, early November 3, 2026 WIB, and can change.
Written by Mastechon
Writing about crypto and Super Intelligence: market news, new projects, Super Intelligence models, and early opportunities like airdrops and testnets. Every piece starts from the official announcement, with the costs worked out up front.
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