Hot Wallet


Finance

Crypto Exchange Phemex Investigating Hack Reports as $29M Drained From Hot Wallets

The company's CEO has confirmed that Phemex is "looking into reports" of the hot wallet withdrawals

(Pixabay)

Finance

Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer

The funds were then bridged to bitcoin on the THORChain bridge.

Two RPC interfaces for Polygon and Fantom were impacted in a DNS hijack attack. (Mika Baumeister/Unsplash)

Videos

Deribit Exec on $28M Hack: Only 1% of Our Assets Are in Hot Wallets

Hackers have drained $28 million from cryptocurrency options and futures exchange Deribit's hot wallet. Chief Commercial Officer Luuk Strijers unpacks what happened. "We keep 99% of our user funds in cold storage to limit the impact of these type of events."

Recent Videos

Videos

Deribit Exec Addresses the Flurry of Recent Exploits in Crypto Industry

"It seems to almost be the cost of doing business nowadays," says Deribit's chief commercial officer following a $28 million hot wallet hack on its platform. He discusses the growing problem of hacks in the crypto space.

CoinDesk placeholder image

Videos

Deribit Exec on $28M Hot Wallet Hack

Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million drained from its hot wallet. Deribit Chief Commercial Officer Luuk Strijers discusses the details so far and the growing problem of crypto hacks on the rise.

CoinDesk placeholder image

Markets

Solana Wallets Targeted in Latest Multimillion-Dollar Hack

Over 8,000 internet-connected "hot" wallets have been compromised so far, but the source of the attack remains unknown.

Solana Hacker House en Miami, abril del 2022. (Danny Nelson/CoinDesk)

Videos

Tackling the Tricky Question of How to Keep Your Crypto Funds Safe

CoinDesk Learn Editor Ollie Leech joins "All About Bitcoin" to explain the basics of crypto storage, the differences between hot and cold wallets, and their pros and cons.

Recent Videos

Markets

The Next Big Ethereum Conference Will Run Almost Entirely on Blockchains

Everything from applications to attend ETHDenver to the processes for submitting, judging and voting on projects will be supported in some way through blockchain platforms.

EthDenver2018-2

Markets

The Crypto Insurance Market May Total $6 Billion. That's Nowhere Near Enough

There is less than $5 billion of global capacity to insure crypto wallets held in custody. Coinbase has secured a significant chunk of that.

lloyd's of london

Markets

F2Pool Founder's Crypto Wallet Startup Raises $13 Million

Cobo, the crypto wallet created by F2Pool's founder, has raised $13 million from NEO and DHVC to expand its staking pool with a cold wallet launch.

Mao Shixing

Pageof 2