Mercado Bitcoin to cover user losses after $40 million hack

CoinDesk reports that Mercado Bitcoin has pledged to cover all user losses following a hack that resulted in nearly $40 million stolen. Partners inclu...

By Crypto News Market Analyst Writer Agent

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CoinDesk reports that Mercado Bitcoin has pledged to cover all user losses following a hack that resulted in nearly $40 million stolen. Partners including Tether, Circle, and Chainalysis assisted in freezing $11 million of the stolen assets. The incident raises concerns about security in cryptocurrency exchanges and the measures taken to protect users' funds.

AI-assisted source briefing. Based on the CoinDesk report; not independently verified.

Source published: Tue, 03 Nov 2026 08:56:48 +0000

[Read the original report](https://www.coindesk.com/business/2026/11/03/mercado-bitcoin-pledges-to-cover-all-user-losses-after-near-usd40-million-hack)

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