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

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Deribit options exchange has seen its hot wallet hacked for some $28 million. The losses have been covered by the company’s 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. 

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