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Mercado Bitcoin to Begin Phased Reopening Monday, Will Cover Losses

Mercado Bitcoin will begin a phased reopening on Monday and will cover customer losses, the exchange said. Customers will initially be able to view their holdings, while withdrawals and trading remain suspended pending security checks.

Original source

AI take

The commitment to cover losses shifts this from a pure security incident into a balance-sheet question for Mercado Bitcoin, and it gives customers a reason to stay engaged through a staged reopening rather than exit immediately. The sequencing matters: view-only access restores transparency while keeping assets locked, so the credibility test comes at the point where withdrawals actually resume. Whether the loss coverage is honored in full, and how quickly trading and withdrawals move beyond the initial phase, is the open question.

Generated by AI for reference only.

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