Deribit, a leading cryptocurrency futures and exchange, becomes the first victim of crypto hackers for November 2022 as its hot wallet was drained of $28 million.
The cyber attack affected the exchange’s Bitcoin, Ethereum and USDC hot wallets. The company, however, has already given its assurance to immediately compensate the losses with the use of its funds.
Things could have been worse but luckily Deribit already prepared for this kind of eventuality and made it a policy to store 99% of its funds into a cold storage in order to protect its clients.
Meanwhile, more details about the hack are expected to be released soon as investigations are still underway.
Deribit Transactions Slowed Down After The Attack
Following the security breach, Deribit implemented security checks that slowed down some of its transactions.
User withdrawals as well as that of third-party custodians have been temporarily halted…
