Mercado Bitcoin reopens view-only after hack, replacing stolen assets with company funds

Mercado Bitcoin has begun a view-only reopening after a hack, with the exchange saying it will replace stolen assets using company funds. Payments and trading are set to return in later phases, so customers still cannot transact. A major exchange being forced to cover losses from its own balance sheet raises concerns about its solvency and the safety of customer funds, which can weigh on confidence in the broader market.