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Wintermute Hacked for About $160 Million in DeFi Operations

  • Company remains ‘solvent’ after the hack, its CEO says
  • Hacker likely exploited an old address with admin access
Updated on

Crypto market maker Wintermute said about $160 million had been hacked from its decentralized finance unit, the latest in a string of exploits hitting the digital assets industry.  

Wintermute’s centralized finance and over-the-counter operations were not affected and the company remains “solvent,” its founder and Chief Executive Officer Evgeny Gaevoy said on Twitter on Tuesday.