Crypto market maker Wintermute hacked for $160 million
Crypto market making firm Wintermute has been hacked for $160 million but the firm remains solvent, according to founder and CEO Evgeny Gaevoy.
Gaevoy said today on Twitter that the money was related to its DeFi operations and that it’s centralized exchange and over-the-counter offerings were not affected.
“We are solvent with twice over that amount in equity left,” Gaevoy said. “If you have a MM agreement with Wintermute, your funds are safe. There will be a disruption in our services today and potentially for next few days and will get back to normal after.”
Gaevoy said that 90 assets were stolen. Two amounts of tokens were worth between $1 million and $2.5 million, with the remaining below $1 million.
He added that the firm was open to treating this as a white hat hack.
Via Telegram, Gaevoy confirmed that the tweets were accurate but had no further comment.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Tim Copeland
