Wintermute has been hacked and lost $162.2 million in DeFi operations, the company CEO, Evgeny Gaevoy, announced earlier today.

Wintermute is a leading global crypto market maker. We are partnering with the world’s best crypto exchanges and projects to provide liquidity.

Wintermute provides liquidity to over 50 cryptocurrency exchanges and trading platforms, including Binance, Coinbase, Kraken, and Bitfinex.

Buy Me A Coffee

The company remains solvent, holding twice the stolen amount in equity. A service disruption in the following days, though, is to be expected as the platform will work to restore all its operations. Gaevoy has also stated that they’re willing to treat the security incident as a “white hat” event, meaning they are open to pay the attacker a bounty for successfully exploiting the vulnerability, without any legal consequences.

However, it’s unknown if the threat actor is interested in returning the stolen funds to Wintermute. The company CEO has clarified that Wintermute’s CeFi (centralized finance) and OTC (over-the-counter) operations have not been impacted by the security breach.

The hacker’s wallet currently holds roughly $47,7 million worth of digital assets. The rest of the money has been moved to Curve Finance’s “3CRV” liquidity pool, where the tokens will be hard to distinguish and freeze.

(via:bleepingcomputer)

READ
Private Data of 2,900 People Leaked After Tag Heuer Hacked