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.
Crypto exchange Deribit hacked for $28 million
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.