Crypto market maker Wintermute hacked for 160 million

Share
Tyler Moore

Crypto market making firm Wintermute has been hacked for $160 million but the firm remains solvent, according to founder and CEO Evgeny Gaevoy. He added that the firm was open to treating this as a white hat hack. In this case, the firm would let the hacker keep some of the money as a bug bounty, if they returned the rest. Gaevoy said today on Twitter that the money was related to its DeFi operations and that it’s centralized exchange and over-the-counter offerings were not affected. Gaevoy said that 90 assets were stolen. Two amounts of tokens were worth between $1 million and $2.5 million, with the remaining below $1 million.