Crypto Exchange Deribit Suffers $28M Hacker Attack
iHodl.com
Main page News, Bitcoin, Ethereum, Cryptocurrency Exchanges, Hacker Attack

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.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

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.

Derivatives Platform Deribit Moves from EU to Panama

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.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error
Close