MERCADO

DESCRIPTION OF EVENTS

“Leandro César claimed there was a security breach on his exchange website Mercado Bitcoin.[35] As Bitcoin Rain's funds were stored there, investors in Bitcoin Rain as well as account holders on Mercado Bitcoin lost money. Some money was reportedly paid back, but the vast majority is still outstanding.”

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I could go into more detail of allegations; however let’s just say the Mercado Bitcoin exchange was long suspected to not be fully backed to begin with, and was of course not stored properly with any sort of multi-signature cold storage wallet.

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