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Researcher Puts Mercado Bitcoin Freezes Near $7 Million

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 02/11/2026, 17:12:25 UTC.

Briefings

A researcher reported that major crypto exchanges froze USDC on Polygon and gold tokens on Ethereum, suspending withdrawal requests. This action occurred on November 2, 2026, affecting approximately $7 million in assets. The freezing was triggered by onchain records indicating a potential security breach or regulatory compliance issue, though the specific cause remains unconfirmed.

Key points

• On November 2, 2026, exchanges froze USDC on Polygon and gold tokens on Ethereum, suspending withdrawals.
• The researcher identified a potential security breach or regulatory compliance issue as the trigger for the freezes.

Context

This incident involves major crypto exchanges and highlights ongoing regulatory compliance challenges in the cryptocurrency sector.

Limitations

The evidence is limited to onchain records and researcher reports. The specific cause of the freezes remains unconfirmed, and the exact impact on market stability is not fully understood.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 03/11/2026, 07:04:25 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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