1Crypto exchange Mercado Bitcoin will resume deposits and withdrawals in Brazilian reais via Pix next week.
2The restart follows a cyber attack that drained approximately $49 million from wallets linked to the exchange.
3Customers will only be allowed to withdraw funds to accounts registered in their own name.
4Crypto deposits and withdrawals remain suspended with no confirmed date for their return.
5The exchange previously restored read-only account access and plans a gradual rollout of additional services.
Key takeaway
Mercado Bitcoin is taking steps to restore normal operations after a major security breach, though full recovery for cryptocurrency services remains pending.
Short-term impact (days–weeks)
● NEUTRAL
The partial resumption of fiat services could stabilize local user concerns over the coming weeks.
Medium-term impact (1–3 months)
● NEUTRAL
Full recovery depends on the eventual safe return of cryptocurrency withdrawal functionality over the next few months.
Key risks
Ongoing suspension of cryptocurrency withdrawals limits full platform utility.
Potential lingering security vulnerabilities following the initial hack.