Deribit crypto exchange halts withdrawals amid $28M hot wallet hack

Major cryptocurrency derivatives exchange​​ Deribit has halted withdrawals after suffering a $28 million hot wallet hack. Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter. The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating: “Client assets, Fireblocks or any of the cold storage addresses are not affected. It’s company procedure to keep 99% of our user funds in cold storage to limit the impact of these type of events.” As part of the ongoing…

Crypto Exchange Coinbase Files Amicus Brief to Support Ripple in SEC Lawsuit Over XRP – Featured Bitcoin News

Cryptocurrency exchange Coinbase has filed an amicus brief in support of Ripple Labs in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Coinbase’s support is seen as a significant step in the case given that the crypto exchange was among the first trading platforms to delist xrp following the SEC lawsuit. Coinbase Supports Ripple Against SEC The Nasdaq-listed cryptocurrency exchange Coinbase filed an amicus brief on Tuesday in support of Ripple Labs against the U.S. Securities and Exchange Commission (SEC). The regulator sued Ripple, its CEO Brad Garlinghouse,…

SIX Swiss Exchange Relapses in October after 2-Month Turnover Gains

Trading volumes on the SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, relapsed in October 2022. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Trading turnover on the exchange dropped 16.1% to CHF 79.3 billion, SIX Swiss Exchange disclosed in its key trading figures for October 2022 published on Tuesday. Similarly, the total number of trades performed on the exchange dropped -2.9% month-over-month (MoM) to 4,717,648. In September,…