Mercado Bitcoin to cover all user losses after near $40 million hack

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Brazilian crypto exchange Mercado Bitcoin has pledged to reimburse all users who lost funds following a hack that drained close to $40 million. The company said partners including Tether, Circle, and Chainalysis helped freeze about $11 million of the stolen assets. The breach has prompted the exchange to commit to making affected customers whole. The article provides limited further detail on the attack's mechanics or timing.

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