Mercado Bitcoin Reopens View-Only After Hack, Replaces Stolen Assets

The decision to cover losses from company funds rather than customer balances is the detail that matters here: it keeps the incident a solvency question for the exchange rather than a haircut for users, which is the difference between a reputational hit and a trust break. The phased, view-only restart signals caution, but visibility without withdrawal rights is a half-open door — balances can be seen, not accessed. The open question is whether the later phases arrive on the timeline implied, and whether users treat a read-only exchange as reassurance or as a reason to test the exit once it reopens.