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Crypto Regulation

Mercado Bitcoin Reopens in Phases After Hack, No Withdrawal Timeline

Mercado Bitcoin has begun a phased reopening following a hack, allowing customers to view their pre-hack balances as access returns in stages. The exchange has not yet said when withdrawals will resume, leaving users unable to move funds. No date has been given for full restoration of services or the resumption of withdrawals.

Original source

AI take

The phased reopening restores visibility of balances without restoring control of them, a distinction that matters more than the reopening itself: customers can see their pre-hack holdings but still cannot move funds. The absence of any withdrawal timeline is the core unresolved issue, since restored access that stops short of withdrawal capability does little to settle user confidence. Whether the staged approach reaches full service, and on what schedule withdrawals return, is the open question to watch.

Generated by AI for reference only.

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