$160 Million Stolen From Crypto Market Maker Wintermute
Wintermute CEO said he was "open" to treating the hack as a white hat hack and would talk to the 'attacker.< /p>
Brief communication on the ongoing Wintermute hack
— pious cynic (@EvgenyGaevoy) September 20, 2022According to Etherscan, more than 70 different tokens were transferred to "Wintermute exploit", including $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), or approximately $13,030,061, and 29,461,533 $Tether (USDT). The largest token sum appears to be USDC.
The company is at above – Counter and centralized funding operations were not affected, as the hacker(s) drained funds from its DeFi operations. Gaevoy said the market maker is solvent with double the amount stolen in equity, stressing that user funds are safe.
Wintermute is an algorithmic market maker working with digital assets such as cryptocurrencies. The group is a UK registered company, located in Cheshire and regulated by the Financial Conduct Authority. According to Companies House, Evgeny Gaevoy is a director with "more than 25%, but not more than 50%" of shares.
In the short tweet thread, the Dutch national
Wintermute CEO said he was "open" to treating the hack as a white hat hack and would talk to the 'attacker.< /p>
Brief communication on the ongoing Wintermute hack
— pious cynic (@EvgenyGaevoy) September 20, 2022According to Etherscan, more than 70 different tokens were transferred to "Wintermute exploit", including $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), or approximately $13,030,061, and 29,461,533 $Tether (USDT). The largest token sum appears to be USDC.
The company is at above – Counter and centralized funding operations were not affected, as the hacker(s) drained funds from its DeFi operations. Gaevoy said the market maker is solvent with double the amount stolen in equity, stressing that user funds are safe.
Wintermute is an algorithmic market maker working with digital assets such as cryptocurrencies. The group is a UK registered company, located in Cheshire and regulated by the Financial Conduct Authority. According to Companies House, Evgeny Gaevoy is a director with "more than 25%, but not more than 50%" of shares.
In the short tweet thread, the Dutch national
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