Crypto’s Biggest Options Exchange Deribit Hacked for $28 Million, Loss Covered by Company Reserves

The popular cryptocurrency options exchange, Deribit, has seen its hot wallet exploited for a considerable $28 million earlier today.

According to a statement from a company’s spokesperson shared with CryptoPotato, the funds are safe, and the loss has already been compensated by their reserves.

Deribit took it to Twitter earlier today to reveal that its hot wallet was hacked, resulting in $28 million being stolen. The team has managed to isolate the attack to their BTC, ETH, and USDC hot wallets.
According to the Twitter thread, none of the company’s cold storage addresses have been affected.
At the time of this writing, the withdrawals and deposits have been halted, and those deposits that were already sent will be processed after the “required number of confirmations.”
CryptoPotato reached out to Deribit, and a spokesperson confirmed:

Deribit hot wallet compromised, but client funds are safe, and loss is covered by company reserves. 

The post Crypto’s Biggest Options Exchange Deribit Hacked for $28 Million, Loss Covered by Company Reserves appeared first on CryptoPotato.

Related Posts

Fan tokens struggle to hold on as World Cup quarter-finals draw nearer

Soccer fan tokens have seen their prices and trading volumes plummet since the start of the World Cup on Nov. 20. Cryptocurrencies tied to national soccer teams have…

Gods Unchained Reveals First Festive NFT Card Set

Top web3 game Gods Unchained teams up with global blockchain company Immutable X to launch its first seasonal-themed card set in the game’s history. The Christmas-themed card…

GensoKishi Official Release | LAND Sales Coming in December

PRESS RELEASE. On November 30th, the MMORPG game “GensoKishi Online-Meta World” was officially released. It is the web 3 version of the iconic Japanese 3DMMO “Elemental Knights…

Here’s Alameda’s Investment Portfolio: WSJ Report

The Financial Times (FT) published a document on Tuesday exposing where Alameda’s venture investments went days before the FTX Group filed for bankruptcy.  Its hundreds of investments…

Court in China Recognizes NFTs as Virtual Property Protected by Law

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The…

Cryptocurrency has become a playground for fraudsters

Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it’s being sold to the public as casino entertainment. News involving…

Generated by Feedzy