Mercado Pago blocks some crypto transfers to external wallets
Mercado Pago says buying and selling continue normally, but deposits may be delayed after it blocked some transfers as a precaution.
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Mercado Pago says buying and selling continue normally, but deposits may be delayed after it blocked some transfers as a precaution.
Mercado Pago, MercadoLibre’s financial technology arm, said on 6 November that it had blocked some cryptocurrency transfers to external wallets as a precaution. Customers can still buy and sell crypto normally, the company said, but deposits may be delayed.
The company attributed the disruption to an incident involving a provider of risk-monitoring and anti-money-laundering services. It said customer funds remained secure.
Folha de S.Paulo said a notice appeared in Mercado Pago’s app on 6 November, warning that deposits would be credited late. Mercado Pago said it was monitoring the situation and working to restore the transfer service as soon as possible.
Brazilian digital lender Nubank separately halted crypto withdrawals and deposits, citing instability at an external data provider. Neither company identified the provider involved, and it was unclear whether both were affected by the same one.
Mercado Pago said it would notify users when operations return to normal.
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