Deribit

History

2025: Announcement of termination of work with users from Russia

The platform for trading cryptocurrency derivatives Deribit in February 2025 announced that in connection with the EU sanctions against Russia it would impose restrictions on Russians and would no longer be able to accept them as clients, with the exception of special cases. The exchange team clarified that its parent company is Dutch, so it is obliged to comply with EU sanctions. Deribit was one of the most popular trading platforms among Russians - the share of visits in 2024 averaged 8%.^[1]

2022: Loss of $28m as a result of hacking

Deribit, a bitcoin options exchange, lost $28 million in the hack. The company announced this on November 3, 2022 on its official Twitter account. Also, the exchange suspended the withdrawal of funds.

{{quote 'We are conducting ongoing security checks and are forced to suspend withdrawals, including third-party custodians,... until we are certain that everything is safe to reopen, "it said. exchanges }}

According to the exchange, the compromised Deribit hot wallets contained funds in bitcoin, Ethereum and USDC.

At the same time, Deribit noted that the assets of its clients are safe. Depositors' funds were not affected by the attack, and the total damage was liquidated at the expense of their own assets. The company assured that 99% of its clients' funds, in accordance with the internal policy of the exchange, are stored on cold wallets^[2].

Notes