2022 is undoubtedly the year that the cryptocurrency industry has experienced the most hacks and attacks. The past month was particularly illustrated with about twenty reported attacks. While the situation worries portfolios more generally, the month of November opens with a major new attack. This time the victim is the Deribit exchange. What really happened?
A loss of 28 million dollars!
In the early hours of Wednesday 2 November, the cryptocurrency exchange Deribit reported to the community that was violated. 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 have been breached are BTC, ETH and USDC. According to PeckShield analysts, the hackers stole 9,080 ETH, or $ 14.2 million, and 691 BTC, equivalent to $ 14.1 million. But the platform ensured that its customers’ assets were not affected.
The company keeps 99% of its users’ funds in cold storage in order to limit the impact of this type of event. In addition, it guarantees that the losses will be covered by the existing reserves.
Suspension of cryptographic operations
At this time, withdrawal operations are temporarily suspended on the platform. Cryptocurrency exchange officials also asked users not to submit new requests. As for the deposits, these will be processed and carried out, according to the usual procedure. But the number of validations is now more important, specify the ad.
“We are running continuous security checks and need to stop withdrawals, including those from third-party Copper Clearloop and Cobo deposits. This, until we are sure that the situation is sufficiently under control, to reopen “wrote Deribit on Twitter.
This incident comes a few weeks after closing with the exchange of a $ 40 million loan. The cryptocurrency trading platform is worth $ 400 million and plans to develop new services.
Deribit is the latest victim of crypto hackers. If the amount of the damage can be qualified as significant, given the size of the grant, it does not seem to affect his finances. Officials assured that client funds were not included. However, the activities are temporarily suspended. To avoid this type of event, we recommend that you keep your assets on a Cold Wallet. Technically, a cold wallet is safer and less prone to security breaches than a hot wallet.
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Far from dulling my enthusiasm, a fruitless investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to transmit information relating to this ecosystem with my pen.