Nubank and Mercadopago halt crypto withdrawals over data provider instability
AI summary
Nubank and Mercadopago, two of Latin America's largest fintechs, have suspended crypto deposits and withdrawals, citing instability from an external data provider. Both firms use Paxos as their custody provider, which fueled social media rumors of a possible hack, though no official reports have confirmed one. A halt at major regional platforms can dent user confidence in crypto rails and raises questions about custody-provider concentration risk.
