Deribit, a cryptocurrency exchange, has been hacked, and an estimated $28 million from a hot wallet has been stolen.
Although the exchange claims that user money is safe, the company went on to declare that the loss will be reimbursed from company reserves and that Deribit is in a financially solid position so current operations will not be affected.
“We are undertaking continuous security checks and must pause withdrawals, including those from third-party custodians Copper Clearloop and Cobo until we are certain that everything is safe to re-open,” the company wrote on Twitter.
Deribit joins a long list of cryptocurrency companies that have recently been the subject of hostile attacks.
With approximately $718 million stolen in only the first two weeks, October was the worst month ever recorded.