SECURITY

Deribit options market hacked! $28 million loss, deposits and withdrawals suspended

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Deribit options market hacked! $28 million loss, deposits and withdrawals suspended

The largest options trading market in the cryptocurrency field, Deribit, announced at 3 a.m. today that its hot wallet was attacked. However, customers' funds are secure, and any losses will be covered by the company's reserves. The attack occurred in the evening of November 1st UTC time, with a total of $28 million hacked.

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The largest options trading market in the cryptocurrency field, Deribit, announced at 3:00 AM today that its hot wallet was attacked. However, customers' funds are safe, and any losses will be covered using the company's reserves. The attack occurred in the evening of November 1st, UTC time, with a total of $28 million being hacked.

Deribit stated that 99% of users' funds are stored in cold storage, so they are not affected. The hackers were isolated in the hot wallets of BTC, ETH, and USDC.

Currently, deposits and withdrawals have been temporarily suspended. They will only resume after thorough security checks to ensure everything is in order.

Any deposit requests that have already been sent will be processed and credited to the accounts. However, due to the incident, a higher number of confirmations will be required, resulting in slower deposit processing times.

Deribit also advises against depositing new funds until the service is fully operational. The insurance funds of Deribit will not be affected, and these losses will be compensated using company funds. There will be no issues with Deribit's finances and operations.

Binance founder CZ has responded that they will cooperate in freezing the funds: