Crypto futures and options exchange Deribit suffered a security breach on Tuesday around midnight, with hackers making off with nearly $28 million from the exchange’s hot wallet. Exchanges often use hot wallets to process withdrawals instantly. These kinds of wallets come with high risk, however, as their private keys are stored in a company’s servers to sign withdrawal transactions. In a statement on Twitter, the Panama-based exchange stated that their hot wallet got hacked for $28 million, but the client assets and cold storage addresses were not affected. Deribit hot wallet com ...
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