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CRYPTO EXCHANGE DERIBIT LOSES $28 MILLION IN A HACK

CRYPTO EXCHANGE DERIBIT LOSES  MILLION IN A HACK

Deribit, a cryptocurrency exchange, was attacked, and approximately $28 million was stolen from a hot wallet. Customer funds are not affected, the company tweeted; However, withdrawals have been temporarily suspended while the exchange conducts security checks.

Crypto Exchange Deribit Loses $28 Million In A Hack - Coin Microscope

It is company practice to keep 99% of our users’ funds in cold storage to limit the impact of these types of events. The attack will be isolated and quarantined in our active BTC, ETH wallets and USDC”, Deribit wrote on Twitter.

Crypto Exchange Deribit Loses $28 Million In A Hack - Coin Microscope

Ording to Deribit, the company’s reserves will cover the loss, and ongoing operations will not be affected. Remarkably, the official Deribit blog is down and only shows a “critical errors” declaration. Deribit joins a long list of cryptocurrency companies that have recently been the target of hostile attacks. October was the worst month, with an estimated $718 million stolen in the first two weeks alone.

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