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Deribit

Nov 1, 2022

$28.0M
Lost
$28.0M
Recovered
$0
Net loss
$28.0M
Unrecovered0% recovered

On November 1-2, 2022, Deribit's BTC, ETH, and USDC hot wallets were compromised, draining ~$28M in crypto assets. Client assets in cold storage and Fireblocks vaults were unaffected.

Deribit covered the loss with company reserves; the specific compromise method remains undisclosed.

Target
CEX
Classification
Key Compromise
Technique
Hot Wallet Key Compromised
Attribution
Unknown
Chains

Event timeline

  1. Nov 1, 2022
    Exploit executed — $28.0M drained via hot wallet key compromised
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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