$160 million stolen from crypto market maker Wintermute

$160 million stolen from crypto market maker Wintermute

Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks for approximately $160 million, according to Evgeny Gaevoy, the company’s founder and CEO.

Short communication on the ongoing Wintermute hack

— wishful cynic (@EvgenyGaevoy) September 20, 2022

According to Etherscan, over 70 different tokens have been transferred to “Wintermute exploiter,” including $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), which is roughly $13,030,061, and $29,461,533 Tether (USDT). The largest token sum appears to be USDC. 

Trending: Biden’s Presidential Drawdowns Have Reduced U.S. Weapons Stockpiles to Shocking Levels Not Seen in Decades

The company’s over-the-counter and centralized finance operations were not affected, as the hacker(s) drained funds from its DeFi operations. Gaevoy stated that the market maker is solvent with twice over the stolen amount in equity left, stressing that users’ funds are safe. 

Wintermute is an

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend