Deribit, the largest cryptocurrency options exchange, has paused all withdrawals to third-party custodians after losing $28 million worth of crypto in a hot wallet hack.
Deribit’s Hot Wallet Hacked for $28 Million
Deribit, a crypto exchange focusing on options trading, has announced via its official Twitter handle that the platform’s hot wallet was compromised by a hack some time before midnight on November 1, 2022.
According to the announcement, $28 million worth of cryptocurrencies was stolen during the exploit. To minimize the damage, Deribit has halted all withdrawals on the platform as part of a security check.
Deribit announced that withdrawals, including custodians Copper Clearloop and Cobo, will be halted until the platform is 100% confident about its security following the hack.
Cold Wallets were Unaffected
Deribit announced that “client assets,…
