Crypto market maker Wintermute hacked, loses $160 million
Crypto market maker Wintermute was hacked for approximately $160 million. The news was shared in a tweet thread by Wintermute founder and CEO Evgeny Gaevoy. It states that Wintermute remains solvent with twice over $160 million in equity.
Additionally, Gaevoy shared that only two assets out of ninety hacked exceed the amount of $1 million, and not surpassing $2.5 million.
Notably, the lending and over-the-counter operations were not affected. According to Wintermute’s CEO, the platform should get back to normal within the next few days.
On-chain sleuth ZachXBT, who investigates major attacks within the crypto sphere, has already tracked down the hacker’s wallet. It currently holds over $9.3 million in ETH and almost $38 million in ERC-20 tokens.
So far, Wintermute is open to treating the attacker as a white hat, in case the hacker fully disclosures themselves.
“We are (still) open to treat this as a white hat, so if you are the attacker – get in touch,”
writes Gaevoy in a thread.
Wintermute was founded in 2017 by Evgeny Gaevoy. As of today, the platform provides liquidity for more than 50 exchanges and trading platforms. Earlier this month, Wintermute became the official DeFi market maker of the Tron network.
Read related posts:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
More articles
Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]
