Crypto Exchange Deribit Loses $28 Million In Hot Wallet Hack

Deribit, the largest bitcoin options exchange by market share, was hacked and lost $28 million. Withdrawals were likewise blocked by the corporation.

The company stated that it is doing regular security tests and has blocked withdrawals, including those from third-party custodians Copper, Clearloop, and Cobo until the platform is certainly safe to re-open.

According to the company, the hacked hot wallets held assets in Bitcoin, Ether, and USDC. Its cold storage addresses, which housed 99% of customer funds, were unaffected.

The exchange is the latest in a long line of cryptocurrency firms to be hacked in recent weeks.

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