The cryptocurrency exchange Deribit has paused withdrawal on its platform following a cyberattack that led to the exchange losing $28 million.
According to a Twitter statement by the company, Deribit exchange hot wallet was targeted by hackers and $28 million was stolen in Ethereum, Bitcoin, and USDC from the exchange, although no client assets and cold wallet were affected by the hack.
In the attack, 691 BTC, 9,111.59 ETH, and the Circle’s USDC stolen were immediately converted into Ethereum, as of press time, the crypto is still two crypto wallets across Bitcoin and Ethereum, also, the funds are yet to be moved to any crypto mixer.
Crypto exchange hot wallets are usually used for instant processing of withdrawals, wallets like this come with high risk, and this is why their private keys are stored in the company’s servers to sign withdrawal transactions.
As part of the response to the hack, the exchange assured users that it is still financially stable and its reserves cover the loss without affecting the insurance fund.
Hackers are now targeting crypto to steal money due to increased crypto acceptance and more crypto transactions among the world’s population due to the financial liberty they get from crypto, get financial liberty through personal interaction with our experts today.
MyCryptoParadise makes daily analysis of BTC, ETH, and other trending altcoins and shares personal trading signals with our ParadiseFamilyVIP many of which win trades with little or no effort required.
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Deribit Freezes Withdrawals
According to Deribit, it has paused withdrawals on the exchange due to the ongoing security checks being done by the company.
Furthermore, Deribit also advised users regarding new deposits on the platform, “Deposits already sent will still be processed, and after the required number of confirmations, they will be credited to accounts,” the company said in a tweet.
Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.
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The cryptocurrency exchange Deribit has paused withdrawal on its platform following a cyberattack that led to the exchange losing $28 million.
According to a Twitter statement by the company, Deribit exchange hot wallet was targeted by hackers and $28 million was stolen in Ethereum, Bitcoin, and USDC from the exchange, although no client assets and cold wallet were affected by the hack.
In the attack, 691 BTC, 9,111.59 ETH, and the Circle’s USDC stolen were immediately converted into Ethereum, as of press time, the crypto is still two crypto wallets across Bitcoin and Ethereum, also, the funds are yet to be moved to any crypto mixer.
Crypto exchange hot wallets are usually used for instant processing of withdrawals, wallets like this come with high risk, and this is why their private keys are stored in the company’s servers to sign withdrawal transactions.
As part of the response to the hack, the exchange assured users that it is still financially stable and its reserves cover the loss without affecting the insurance fund.
Hackers are now targeting crypto to steal money due to increased crypto acceptance and more crypto transactions among the world’s population due to the financial liberty they get from crypto, get financial liberty through personal interaction with our experts today.
MyCryptoParadise makes daily analysis of BTC, ETH, and other trending altcoins and shares personal trading signals with our ParadiseFamilyVIP many of which win trades with little or no effort required.
Join our ParadiseFamilyVIP membership today on Binance (spot and futures), Bybit, Kucoin, OKX, and Bitmex using PRO20% for your special 20% discount; you’ll have a personal trading expert to assist you in all your trades with little or no effort required from you to win trades.
Hurry now as the promo expires soon and click here for reviews from our clients.
Deribit Freezes Withdrawals
According to Deribit, it has paused withdrawals on the exchange due to the ongoing security checks being done by the company.
Furthermore, Deribit also advised users regarding new deposits on the platform, “Deposits already sent will still be processed, and after the required number of confirmations, they will be credited to accounts,” the company said in a tweet.
Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.
- My Binance Paradise – https://t.me/MCP_binance
- My KuCoin Paradise – https://t.me/MCP_KuCoin
