DeFi CEO Attempts Negotiation As $160,000,000 Goes Missing From Crypto Platform

DeFi CEO Attempts Negotiation As $160,000,000 Goes Missing From Crypto Platform


The chief executive of a recently hacked decentralized finance (DeFi) platform is attempting to negotiate with presumed hackers after a $160 million attack.

The Wintermute DeFi platform was recently hacked and saw $160 million worth of crypto assets vanish.

According to blockchain security firm PeckShield, a large amount of stablecoins, plus some Ethereum (ETH) and Wrapped Bitcoin (WBTC) made up the lions share of the missing funds.

Trending: WATCH: Star NFL Quarterback Rushed To The Hospital After Devastating Hit

“$160 million were stolen from Wintermute exploit, including 73% of stolen funds ($118.4 million) are stablecoins (DAI, USDT, USDC, USDP), 8% in WBTC and 6% in ETH

Etherscan shows that Wintermute exploiter is the 3rd largest holder of CRV (~$112 million).”

Source: PeckShieldAlert/Twitter Source: PeckShieldAlert/Twitter

Wintermute founder and CEO Evgeny Gaevoy addressed the attack, and said that the firm

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