Crypto Market Maker Wintermute Loses $160M In A Hack

Cryptocurrency market maker Wintermute has lost $160 million in a hack.

A tweet by Wintermute’s founder and CEO, Evgeny Gaevoy, has it that the hack was linked to its decentralized finance (DeFi) operation.

The firm’s lending and over-the-counter (OTC) services have not been affected.

Gaevoy touted the company’s solvency, claiming that it has “twice over” $160 million remaining in equity.

Founded in 2017, Wintermute trades billions of dollars across crypto market daily as it provides liquidity across multiple venues. Last week it was named as the official DeFi market maker for the Tron network.

Gaevoy said that the company has asked the hacker to get in touch.

The hacker’s wallet has been tracked down by on-chain sleuth ZachXBT. It currently holds around $9 million in ether (ETH) and $38 million in other erc-20 tokens.

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