Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack

Brazil's largest crypto exchange says its users won't pay for its hack. Mercado Bitcoin, which lost tens of millions of dollars on Monday, says the losses are its problem, not its customers'. An exchange holds your coins the way a bank holds your cash, and when one gets robbed, the customers are often the ones left waiting to see what they get back. The exchange spotted a breach early on November 2 and froze deposits and withdrawals. “We identified and quickly contained a security incident in on...