Crypto Exchange Deribit Suffers $28M Hack and Suspended Withdrawals

Deribit, the prominent bitcoin options exchange in terms of market share, suffered a hack that cost it $28 million. Additionally, the business stopped withdrawals. Deribit Hot Wallet Hack and Halt of Withdrawals Deribit tweeted that its hot wallet had been hacked, but customer cash was secure, and the company’s reserves would pay the loss. According to the exchange, a hacker stole USD 28 million from their hot wallet early evening on November 1, 2022. The business further stated that to lessen the effect of these occurrences, the firm practices keeping 99% of customer cash in cold storage. The attack has The post Crypto Exchange Deribit Suffers $28M Hack and Suspended Withdrawals appeared first on Cryptoknowmics-Crypto News and Media Platform.