2022 is undoubtedly the year when the crypto industry recorded the highest number of hacks and attacks. Last month was particularly illustrated with about twenty reported attacks. While the situation worries wallet holders in general more, the month of November opens with a new important attack. This time the victim is the Deribit exchange. What really happened?
A loss of 28 million dollars!
In the early hours of Wednesday November 2, the crypto exchange, Deribit reported to the community that it has been hacked. The operation was carried out on his Hot Wallet and allowed those responsible for the attack to steal the sum of 28 million dollars. The tokens that were hacked are BTC, ETH, and USDC. According to PeckShield analysts, hackers stole 9,080 ETH, or $14.2 million, and 691 BTC, equivalent to $14.1 million. But the platform assured that the assets of its customers were not affected.
The company keeps 99% of its users’ funds in cold storage, in order to limit the impact of these types of events. In addition, it ensures that losses will be covered by existing reserves.
Suspension of crypto operations
At this time, withdrawal operations are temporarily suspended on the platform. Officials of the crypto exchange have also asked users not to send new requests. As for deposits, they will be processed and made, in accordance with the usual procedure. But the number of validations is now more important, specifies the announcement.
“We are performing ongoing security checks and need to halt withdrawals, including those from third-party depositories Copper Clearloop and Cobo. This, until we are sure that the situation is sufficiently under control, to reopen”wrote Deribit on Twitter.
This incident occurs a few weeks after the closure by the exchange with funding of $40 million. The crypto trading platform is worth $400 million and planned to develop new services.
Deribit is the newest victim of crypto hackers. If the amount of the damage can be qualified as important, considering the size of the purse, it does not seem to affect its finances. Officials assured that customer funds were not included. However, activities are suspended for the time being. To avoid this type of event, we recommend that you keep your assets on a Cold Wallet. Technically, a Cold Wallet is more secure and less prone to security breaches than a Hot Wallet.
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