Bitcoin drops 1.19% amid security incidents at Binance and Mercado Bitcoin
Binance gradually resumes withdrawals, Mercado Bitcoin temporarily suspends deposits and withdrawals, and investors remain attentive to US midterms.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
Bitcoin was falling on Monday (2), around 5pm Brasília, with a drop of 1.19% and a price of US$76,860.55, according to 24-hour data from Coinbase. Ethereum also fell, 0.45%, to US$2,250.87. The movement takes place amid a sequence of security incidents in the cryptocurrency market and a scenario of caution with the United States legislative elections, the midterms, according to InfoMoney.
The case with the greatest repercussion is the attack on Binance recorded on Thursday (10/29). According to Seu Dinheiro, this is the biggest attack ever recorded in the sector, and Times Brasil talks about the theft of US$6.3 billion. Also according to InfoMoney, the brokerage began the gradual resumption of withdrawals after the episode.
In Brazil, Mercado Bitcoin also entered the radar. The broker identified a security incident in the early hours of Monday, said it quickly contained it and temporarily suspended deposits and withdrawals. According to Seu Dinheiro, the measure was preventive and communicated to investors in the morning. The company disclosed the case in a publication on the X network and states that there was no harm to customers or data leaks. MB's own loss, however, was not reported.
The numbers in circulation are not yet official. Hypernative, a blockchain security company, estimates that more than US$40 million has been withdrawn from wallets attributed to MB, an amount that the broker has not confirmed. Unofficial on-chain trackers indicate around US$40 million moved from possible addresses linked to the broker. The amount diverted, according to the company, was not disclosed.
For those who invest, the episode reinforces a point that the free market does not dispense with: custody security is part of the risk. When a brokerage suspends withdrawals, the investor realizes that access to their own assets depends on the operational solidity of third parties. It is important to monitor official communications and treat preliminary estimates with due caution.
What changes for the investor
The main immediate effect is uncertainty. The pause in withdrawals and deposits limits access to resources for those using the affected brokerage and may increase caution among other participants, at a time when the market is also watching the US legislative elections. Without official data on the size of the loss, price readings must consider this information gap. This article does not provide a purchase or sale recommendation.
Automatically translated from Portuguese.
