Mercado Bitcoin to begin phased reopening Monday and will cover customer losses

Crypto exchange Mercado Bitcoin said it will begin a phased reopening of its services on Monday. The company also said it will cover customer losses, according to Cointelegraph, which cited the exchange's statement.

In the first phase, customers will be able to view their assets on the platform. Withdrawals and trading remain suspended until security checks are completed. No timeline for full restoration of services has been provided.

Cointelegraph's report does not detail the circumstances that led to the losses or the size of the compensation. Details of the security review and the terms of reimbursement are not yet known.