--- title: "Mercado Bitcoin pledges to cover all user losses after near $40 million hack" description: "Mercado Bitcoin said it will cover all user losses after a hack that took close to $40 million, CoinDesk reported. Partners including Tether, Circle and…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-mercado-bitcoin-pledges-cover-all-0e158e4f16d9c4" published: 2026-11-03T08:58:57.000Z updated: 2026-11-03T09:59:01.000Z indexable: true --- # Mercado Bitcoin pledges to cover all user losses after near $40 million hack Mercado Bitcoin said it will cover all user losses after a hack that took close to $40 million, CoinDesk reported. Partners including Tether, Circle and… Attributed sources: [CoinDesk]() ## Key facts Mercado Bitcoin said it will cover all user losses after a hack that took close to $40 million, CoinDesk reported. Partners including Tether, Circle and Chainalysis helped freeze $11 million of the stolen assets, the outlet said. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: +0.02% (Nov 3, 2026, 08:58 → Nov 3, 2026, 09:03, UTC; Gate · USDT); 1 hour: +0.52% (Nov 3, 2026, 08:58 → Nov 3, 2026, 09:58, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Nov 3, 2026, 08:58, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.02% | +0.02% | 0.00 pts | Nov 3, 2026, 08:58 → Nov 3, 2026, 09:03 | Gate · USDT | | 1 hour | +0.52% | +0.52% | 0.00 pts | Nov 3, 2026, 08:58 → Nov 3, 2026, 09:58 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Nov 3, 2026, 08:58 | ## Claims and open questions - CoinDesk reported that Mercado Bitcoin pledged to cover all user losses following a hack of close to $40 million. - CoinDesk reported that partners including Tether, Circle and Chainalysis helped freeze $11 million of the stolen assets. - Which assets and chains the near $40 million loss breaks down into, and how much of it remains unrecovered beyond the $11 million frozen, as would be shown by Mercado Bitcoin's own statement or on-chain data. - On what schedule and in what form Mercado Bitcoin will reimburse users, which its official statement or a customer notice would confirm. ## Source evidence - [Mercado Bitcoin pledges to cover all user losses after near $40 million hack]() — CoinDesk; published Nov 3, 2026, 08:56; received Nov 3, 2026, 08:58 (UTC). ## Recent BTC events and market reactions - [Liquid Network says bitcoin reserves fully backed again after $320 million exploit]() — Published Nov 3, 2026, 11:12 (UTC) · Multiple publishers (3 publishers) · Security · 5m -0.04% - [Tether holds 150,000 bitcoin worth $11.5 billion, CEO Ardoino says]() — Published Nov 3, 2026, 10:15 (UTC) · Single source (1 publisher) · General news · 5m -0.05% / 1h +0.26% - [Bitcoin chart signal flashes bearish momentum]() — Published Nov 3, 2026, 08:50 (UTC) · Single source (1 publisher) · Market watch · 5m +0.10% / 1h +0.55% - [Mercado Bitcoin pauses withdrawals after $46 million security breach]() — Published Nov 2, 2026, 19:05 (UTC) · Multiple publishers (2 publishers) · Security · 5m 0.00% / 1h -0.08% - [Mercado Bitcoin halts deposits and withdrawals after security incident]() — Published Nov 2, 2026, 15:53 (UTC) · Multiple publishers (3 publishers) · Security · 5m -0.36% / 1h -0.31% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()