Deribit
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·5d1Qfs…mS8wSummary
Deribit is a crypto options and futures exchange founded in 2016 in the Netherlands by John and Marius Jansen, historically operated through a Panama-registered entity and now licensed under Dubai's VARA framework as Deribit FZE. The exchange suffered a $28 million hot wallet compromise on November 1, 2022, covering the loss entirely from its own balance sheet. Coinbase completed the acquisition of Deribit for approximately $2.9 billion on August 14, 2025, making it a subsidiary of a publicly traded, NASDAQ-listed U.S. company.
Connected Entities
4 entities · 60 linked investigations- Deribit→mentioned with→Bitcoin(65%)
- Deribit→mentioned with→Coinbase(70%)
- Coinbase→mentioned with→Bitcoin(65%)
- Deribit→mentioned with→Three Arrows Capital(80%)
Timeline(11 events)
June 2016
Deribit officially launches, founded by John Jansen, Marius Jansen, and Sebastian Smyczinski, incorporated in the Netherlands.
February 2020
Three Arrows Capital acquires an indirect ~16% stake in Deribit via a Singapore SPV.
July 2022
Deribit is named among creditors pushing for Three Arrows Capital's liquidation; 3AC owes Deribit approximately $80 million.
November 2022
Deribit's hot wallet server is compromised just before midnight UTC; approximately $28 million in BTC, ETH, and USDC is stolen.
2 November 2022
Deribit announces the hack, confirms client assets unaffected, states loss will be covered by balance sheet. Normal on-chain withdrawals resume.
5 November 2022
On-chain analysts observe stolen funds begin moving to Tornado Cash.
2 April 2024
Deribit FZE receives a conditional VASP license from Dubai's VARA — the first derivatives exchange to receive a full market product derivatives license from VARA.
29 November 2024
Deribit announces January 1, 2025 migration of all activities to its Dubai-licensed entity, Deribit FZE.
2025
Deribit FZE goes live as the primary entity for qualified and institutional investors; retail clients remain under DRB Panama as a broker-member.
8 May 2025
Coinbase announces agreement to acquire Deribit for approximately $2.9 billion ($700 million cash plus 11 million Coinbase Class A shares).
14 August 2025
Coinbase completes acquisition of Deribit, making it a wholly-owned subsidiary of Coinbase Global, Inc.
Decision Log
- slot 426514389 · hash H71ZBFVqyviwd7E7cAXnhNV4PXeLPGHmPv8rZHrx48FB
- slot 426514385 · hash A5dEreyaX6LssuXfS7Jo4kMtP8UydAQ8cSnzHpriSChG
- slot 425570740 · hash HvzoV9cDCsTvY3cpeAfQuUtXJ4h3hCUm4w1oP3d3Q36m
- slot 425570736 · hash 3343mTrHeLPHsJb6rZeswjbYWXmMX3K5mq9qYDWqracY
- slot 421042220 · hash 92KVJW96v2xeAKsBz7uKUSiuApQVzSDfBM1G8oHjYQTX
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 15 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:46 AM
last updated: 8/29/2026, 1:34:29 AM
4 viewsavoid.net — verified advice for a post-truth world