Early this week, cryptocurrency market maker Wintermute suffered a $160M hack on the wallet the company uses for DeFi proprietary trading, tweeted the company's founder and CEO, Evgeny Gaevoy. Gaevoy noted that the DeFi wallet was "completely separate and independent" from Wintermute's CeFi and OTC operations. He also stated that Wintermute remains solvent, with "twice over" $160 million remaining in equity, and any disruption to services will be resolved within days. The Wintermute attack is just the latest in a number of high-profile hacks to crypto platforms this year. In August, for example, millions' worth of crypto was stolen from Solana wallets; and Nomad, a crypto bridge company that allows users to transfer tokens between blockchains, suffered an attack in which $190M worth of crypto was reportedly drained.
For more information, please refer to the following links:
- Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected
- Crypto Co. Wintermute Says $160M Stolen In Hack
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