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Reading: Nubank and Mercadopago Suspend Crypto Withdrawals in Latam
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Your Crypto News Today > Exchange > Nubank and Mercadopago Suspend Crypto Withdrawals in Latam
Exchange

Nubank and Mercadopago Suspend Crypto Withdrawals in Latam

November 7, 2026 2 Min Read
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Nubank and Mercadopago Suspend Crypto Withdrawals in Latam

In a press release, the corporate disclosed that it recognized “instability in crypto asset switch operations, ensuing from an incident suffered by a danger monitoring and cash laundering prevention supplier,” and preemptively halted withdrawals however not purchases and gross sales of crypto property.

“We’re following the state of affairs in actual time and can inform customers as quickly as operations are normalized,” it introduced.

Equally, Nubank additionally pinned the measure on the identical instability in an exterior knowledge supplier, reassuring prospects that the incident had nothing to do with its inside infrastructure and didn’t compromise buyer safety.

“All property and knowledge stay protected. The opposite crypto merchandise proceed to operate usually,” the financial institution mentioned.

The announcement sparked social media rumours of a attainable assault on Paxos, which offers custody of crypto property for the 2 firms. Nonetheless, the corporate didn’t subject any official reviews disclosing that it had been focused by these actors, and its standing web page exhibits no incidents registered on November 6.

The reviews come because the crypto group is on excessive alert after a number of high-profile assaults on massive crypto exchanges, just like the one Binance skilled final month when menace actors managed to steal over $6 billion in cryptocurrency from a scorching pockets.

On Monday, Mercado Bitcoin, Brazil’s largest cryptocurrency trade, additionally suffered the same assault, shedding over $46 million in digital property and vowing to compensate prospects and keep away from socializing the losses from the safety incident. On the time, withdrawals remained suspended.

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