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.