Hot wallet hack costs crypto derivatives exchange Deribit $28 million

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Cryptocurrencies Hot wallet hack costs crypto derivatives exchange Deribit $28 million

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The exchange said the compromised hot wallets contained bitcoin, ether and USDC. Deribit’s cold storage addresses, where 99% of user funds are kept, were not affected by the cyberattack. “As of the moment of re-opening wallets, we will not support deposits on old deposit addresses anymore,” the exchange announced. “All users need to create a new deposit address.”

“We have raised the minimum number of confirmations for the moment causing a delay in crediting funds,” Deribit wrote to clients. “Until we open wallets again we request you not to send new deposits.”

 

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