Data leak
[loss] $28M+
Tweet thread by Deribit
Primary Source ↗Financial Loss
$28.0M
(28,000,000 USD)
Incident Details
Major crypto exchange Deribit suffered a hot wallet compromise that resulted in a $28 million theft. The exchange halted withdrawals to perform security checks, but urged that customer funds were safe and that the loss was covered by company reserves.Deribit is also among the primary creditors of failed crypto hedge fund Three Arrows Capital, which defaulted on an $80 million loan from the exchange.
Total loss estimated at $28,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Deribit
Timeline
- 2022-11-01 Breach occurred
- 2022-11-01 Publicly disclosed