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The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are Safe and Business ‘Remains in a Financially Sound Position’ In terms of open interest and volume tied to bitcoin (BTC) and ethereum (ETH) options, Deribit has been the leading crypto options exchange for quite some time now. On Wednesday, the exchange&#x2019 ;s official Twitter account explained that the trading platform’s hot wallet was siphoned for nearly $28 million. “Deribit hot wallet compromised, but client funds are safe and loss is covered by company reserves,” Deribit said on Wednesday. Our hot wallet was hacked for USD 28m earlier this evening just before midnight UTC o...

The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces ‘Qatar’ and ‘Coldplay’ Into Its Dollar Exchange Rate Arsenal While Argentina has been applying dollar exchange control measures since some time ago, the government is establishing even more types of rates for different purposes, making it more expensive for the Argentine people to acquire certain services or goods. This time, the government has introduced two new exchange rates, popularly known as the “Qatar dollar” and “Coldplay dollar,” due to their functionality and applications. The Qatar dollar rate ...