Deribit: $28M Stolen From Hot Wallets, Losses Covered From Company Reserves

Deribit, an encrypted derivatives exchange, tweeted that "the hot wallet has stolen 28 million US dollars, but the customer funds are safe, and the loss is covered by the company's reserves." Client assets, Fireblocks or any cold wallet addresses are not affected, and the hacker is isolated to us BTC, ETH and USDC hot wallets. In addition, Deribit is undergoing security inspections, and withdrawals including third-party custodians Copper Clearloop and Cobo must be stopped, and they cannot be reopened until everything is safe; deposits have increased the minimum number of confirmations, resulting in delays in the entry of funds, and open withdrawals Users should not send new deposits before; insurance funds will not be affected, and losses will be paid by the company's reserves. "Currently Deribit's financial situation is still good, and operations will not be affected."