World’s Biggest Crypto Options Exchange Hacked – $28M Missing So Far

Crypto exchange Deribit has been hacked with an estimated $28 million stolen from a hot wallet.

The exchange says client funds are safe, however, any losses are covered by company reserves.

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

Our hot wallet was hacked for USD 28m earlier this evening just before midnight UTC on 1 November 2022.

— Deribit (@DeribitExchange) November 2, 2022

The company posted on Twitter: “We are performing ongoing security checks and have to halt withdrawals including third-party custodians Copper Clearloop and Cobo until we are confident all is safe to re-open.”

This is a breaking news story. More follows.

The post World’s Biggest Crypto Options Exchange Hacked – $28M Missing So Far appeared first on BeInCrypto.

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