Mercado Bitcoin Announces Phased Recovery and Compensation Plan Starting November 9

Chainthink

Release Time: 2026/11/04 22:02:55

Summary

Bitcoin breaking news: On November 5, Mercado Bitcoin announced that the platform will begin a phased recovery starting November 9. The first phase enables users to access their balances, bills, assets, and investment details, while transfer, withdrawal, and trading functions will be restored following final security verification. The exchange reaffirmed that customer assets will not be lost and will be compensated using its own funds. In collaboration with Tether, Circle, Paxos, BRL1, Chainalysis, and crypto experts, over $15 million in related assets have been frozen, up from the previously reported $12.9 million.

ChainThink reports that on November 5, Mercado Bitcoin announced the platform will resume operations in phases starting November 9. The first phase will restore website access, allowing users to view their balances, bills, assets, and investment details;

Transfer, withdrawal, and trading functions will be gradually reinstated after passing final security validations across all modules. The exchange reiterates that customer assets will not suffer any losses and will be compensated using the exchange’s own funds for assets affected by this incident.

After collaborating with Tether, Circle, Paxos, BRL1, Chainalysis, and cryptocurrency community experts, over $15 million in related assets have now been frozen; previously, the frozen amount was reported as $12.9 million.

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