Bitcoin Options Giant Deribit Loses $28 Million in Hot Wallet Hack
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’ ;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...