Cryptocurrency Market Maker Suffers $160M DeFi Hack – Fin Tech


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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.

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