Wire · regulatory
Mercado Bitcoin Takes $40 Million Loss in Latest Crypto Hack
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Fusion42 · 2 November 2026 · Fusion42 review
Mercado Bitcoin, the Brazilian crypto broker, suffered a $40 million loss in a hack targeting its hot wallets; no customer funds were lost. This incident follows a record $6.3 billion hack at Binance, which is covering losses fully and has sparked calls for stronger federal oversight of offshore crypto exchanges.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 2 sources have reported it.
◆ ◆ The Wire takeaway
Federal regulators are moving to supervise offshore crypto exchanges after massive hacks. You must strengthen your platform’s security and prepare for tighter compliance to stay market-eligible.
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2 sources · 2 Nov 2026
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