Cryptocurrency exchange Deribit said in a tweet thread that its hot wallets have been hacked, resulting in a loss of $28 million. The attacker reportedly managed to gain access to both ether (ETH) wallet and bitcoin (BTC) wallet.
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The Deribit team said they have suspended deposits and withdrawals for security purposes. Deribit assured clients that they assets and the cold storage addresses have not been affected:
"It's company procedure to keep 99% of our user funds in cold storage to limit the impact of these type of events. The hack is isolated & quarantined to our BTC, ETH and USDC hot wallets."
As of press time, it is still unclear what was the nature of the hack. The exchange says the attacker managed to steal around $14 million in ETH (part of it was swapped for stablecoins via Uniswap) and around $14 million in BTC.
In September, Deribit completed a $40 million funding round, raising its valuation to $400 million. Deribit Chief Commercial Officer, Luuk Strayers, said that the exchange attracted funding from previous investors, including QCP Capital, Akuna Capital and Dan Tapiero's 10T Holdings fund.
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