Mercado Bitcoin to Lift Pix Withdrawals Post $49M Breach

A recent security breach at Brazilian crypto exchange Mercado Bitcoin resulted in a $49 million loss. The incident prompted a temporary halt to all deposit and withdrawal activity across the platform.

Starting next week, the exchange will re‑enable cash deposits and withdrawals via Brazil’s Pix instant payment network, allowing users to move fiat funds in and out of their accounts.

Crypto transfers, however, remain suspended as Mercado Bitcoin continues to investigate the breach and strengthen its security protocols.

The resumption of fiat liquidity could signal a return of confidence among traders, potentially easing pressure on the broader cryptocurrency market in Brazil.

Investors monitoring Brazilian exchanges may watch how the platform’s recovery affects local crypto trading volumes and the stability of digital asset prices.

The decision to pause crypto transfers while restoring fiat flows reflects a cautious approach to risk management, as the exchange works to verify the integrity of its wallets and transaction logs.

This development may also influence regulatory scrutiny of cryptocurrency exchanges in Brazil, as authorities assess the effectiveness of security measures and compliance with anti‑money‑laundering standards.

Users who have pending fiat balances are advised to monitor their accounts closely as withdrawal limits and processing times may vary during the transition.

Impact on Crypto Liquidity

Based on reporting from Cointelegraph. Read the original.